2007-12-17 — wallstreetexaminer.com
'There is a major Canadian bank named CIBC, which has just disclosed it may have to take losses of $3.5 billion as a result of hedges it entered into on its subprime debt. The problem as you may realize is the counter-party on the other side of the hedge—that they won’t be able to pay up. ' -- So much for Goldman et al. being "hedged"
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.