Archive - Feb 1, 2009
Alvarez Asks For $400,000/Day To Let Lehman Creditors Sort Out Their Own Mess
Submitted by Tyler Durden on 02/01/2009 23:05 -0500Restructuring consultancy firm Alvarez & Marsal has decided to take the easy way out, and simply give creditors in the Lehman's bankruptcy equity instead of trying to maximize cash recoveries. The bulk of Lehman's residual value (or lack thereof) is contained in its hard to value real estate and private equity assets.
Some More Facts About How The CDS Market Will Be Misconceived To Death
Submitted by Tyler Durden on 02/01/2009 15:31 -0500When you have the House Agriculture Committee getting involved in the regulation of the CDS market, it is only a matter of time before it is game over. When both conventional wisdom, and economists-turned-philosophers like Soros claim that credit default swaps are responsible for the downfall of western civilization, presenting any type of factual information is pretty much useless.


