Archive - Feb 1, 2009

Tyler Durden's picture

Alvarez Asks For $400,000/Day To Let Lehman Creditors Sort Out Their Own Mess





Restructuring 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.

 

Tyler Durden's picture

Some More Facts About How The CDS Market Will Be Misconceived To Death





When 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.

 
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