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: Bailout ReportNot Quite Half a George: Washington Mutual CDS Settlement
By Admin
Buyers of Washington Mutual Credit Default Swaps to receive $0.43 for each dollar of ‘protection’ purchased from sellers (more than the $0.36 indicated in the initial auction).
This compares to the $0.08625 paid on the dollar for Lehman Brothers CDS’s of which $5.2 billion were redeemed yesterday by The Depository Trust & Clearing Corporation.
Full post as published by Bailout Report on October 23, 2008 (boomark / email).
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