Belmont Club

By Richard Fernandez

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Tomorrow is another day

May 31, 2009 - 10:16 am - by Richard Fernandez
blert
2009-05-31 15:45:14

Well, at least the CDS insurance is there for the Big Boys.

I guess this means that AIG needs to pony up… again.

The real losers are the small investors who didn’t hedge in the CDS market.

Anyhow, we’re on the edge of the event horizon for Syn-CDOs.

GM
Chrysler
GMAC
Lehman Bros
AIG

We’re getting close to the trigger moment.