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AEI Subprime V.6: Panel Discussion

By Implode-Explode Heavy Industries

" Because, what scares me is, the Chinese are indicating that they?re not too comfortable with the trillion dollars in US Treasuries that they?ve already got, and what I?m scared about is, when I see the CDS?s on US treasuries going ? trading now at close to 100 basis points. The implied probability of the US government defaulting according to the market is now 10 percent. I think that that?s a scary proposition."

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2009 (boomark / email).