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hahawin

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hahawin

Re: ergo sum post# 33498

Friday, 10/24/2008 10:57:53 PM

Friday, October 24, 2008 10:57:53 PM

Post# of 730590
It seems that you don't understand what is CDS.
CDS is just a informal unregulated insurance some creditors bought to protect their investment against the company failure. it doesn't actually mean that those debts can not be paid in full. in fact, at this point, no one knows the actual assets any way. Including whether the company can get back the $4.4B cash in whole or in part.
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