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
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