CDS information.
If a company's CDS is selling for 612 bps as in the case of AIG when the shit was hitting the fan in 2008, that means that in order to insure $10 million of AIG debt, it would cost $612,000 every year for the next 5 years.
wow!
pg 272, "Too big to fail" by Andrew Ross Sorkin.
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It is said that one "learns something new everyday". Well, those that know me will tend to agree that there's something "just not right" about the way my mind works. I say it adds character. Regardless of anyone's opinion of me, I thought it would be Worldly worthwhile to share the 1 thing that I learn everyday. Keep these thoughts in your back pocket to use at Social Events. Here goes nothing!!
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