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Companies who insured Lehman will lose 90 per cent
beaujolais-nouveau
Posts: 651 Forumite
Sellers of protection on bankrupt Lehman Brothers are facing losses in the area of 91.25 percent of the insurance they sold, based on the initial results of an auction on Friday to determine the value of the credit default swaps.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN0932992520081010
Initial results of a Lehman CDO auction today shows that insurers will get back only just over 9 cents in the dollar.
I can hardly drag myself away from watching this slow train crash.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN0932992520081010
Initial results of a Lehman CDO auction today shows that insurers will get back only just over 9 cents in the dollar.
I can hardly drag myself away from watching this slow train crash.
YouGov: £50 and £50 and £5 Amazon voucher received;
PPI successfully reclaimed: £7,575.32 (Lloyds TSB plc); £3,803.52 (Egg card); £3,109.88 (Egg loans)
PPI successfully reclaimed: £7,575.32 (Lloyds TSB plc); £3,803.52 (Egg card); £3,109.88 (Egg loans)
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Comments
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Really would like to know who is holding the debt - so far US financials are actually seeing a slight recovery overall, while tech stocks are done. Reverse of what I'd have expected.0
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