October 13th, 2008

Lehman Derivatives Defusing Safely

The unwinding of Lehman’s credit default swaps appears to be going well. Market nervousness about systemic risk was said to be at the heart of banks hoarding cash, no financial detonations have been reported. Market authorities reckon the net losses could be as low as $6 billion. Hardly anything…





Dom Joly Recall your MP, today!
TFather's Day 21st June


Jacqui Smith says

“I became the poster girl for the expenses scandal.”



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