Lehmann brothers credit default swaps ... 5 billion ... take that Mofo's ... Screw you subprime mortgage brokers for borrowing on the short term paper market and financing 30 year loans ... you deserve to freaking die and burn in hell ...
A little ant has brought down the elephant cos the mortgage brokers loaded up the elephant with a mountain ...
5 billion is a drop in the bucket ... It was feared to be much much much worse ... like a 100 billion or more ... only reason it killed them was short term paper was depleted by people borrowing on that market to fund long term paper cos short term interests were so low ... it made sense ... ergo ... shoot Greenspan.
Anyway, CDS bomb is bound to be bigger ... but may not blow and lehmann may be as bad as it gets.
Cool.
Buddha.