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rich ruscio

04/01/09 9:00 AM

#143652 RE: ajtj99 #143651

Speaking of bankrupt big time players ... from Bloomberg ...

Credit-default swaps on GM bonds rose for a second day on concerns the automaker would be forced into court protection.

... Anyone know who's holding the 'insurance side' and the 'pay me if it sinks side' of these CDS'?

My bets are on AIG and Pimco.