興味深い記事
CDS on LEH is now approximately 250 basis points and 350 basis points on BSC, out nearly 100 basis points in a month.
My firm remains negative on these names and we're staying short the credit. In my book, they are insolvent. I feel bad for all my friends that work there, but I did the Drexel Burnham stint and I saw my stock go to 0. Yes, it can happen. Quickly.
