CDS Positions on GM and Chrysler

I have wondered what impact the Chrysler and GM bankruptcies have had on credit default swap positions. Given that the CDS market is still tens of trillions, I have to think the effect is not minimal. Nonetheless, despite the piece I am linking, I have seen very little on the issue. If anyone out there has details on the knock on effects to the CDS market, please chime in.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aibJIxm34kYM

Disclosures: None