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…


Seen Elsewhere

NHS Cash for New Labour SpAds NHS Cash for New Labour SpAds
Judges Rule Boris Right About £350m Judges Rule Boris Right About £350m