Skip to main content

About Those Lehman Brothers Credit Default Swaps

  • Author:
  • Updated:

CNBC has some preliminary news, prior to the official word at 2pm. According to Erin Burnett, "Indications are that people who sold protection on Lehman Brothers going bankrupt may lose 91.25%...[and] will get less than a dime on the dollar." Mark Haines adds: "sounds like bad news."