"USA CDS hits all time wide of 90 bps"

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annarborgator
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Joined: Sun Jun 17, 2007 5:48 pm

"USA CDS hits all time wide of 90 bps"

Post by annarborgator »

The cost to insure against a U.S. default hit an all time high of 90 bps today ($90k on $10 million in insurance). Again, who pays if it defaults?
http://zerohedge.blogspot.com/2009/02/usa-cds-hits-all-time-wide-of-90-bps.html

FYI: There isn't any more analysis at Zero Hedge on this (I quoted the entire post), just wanted to link up the source.
I've never met a retarded person who wasn't smiling.
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