Thursday, July 3, 2008

Merrill says GM bankruptcy possible

That's Merrill Lynch.
Credit option contracts on the Chicago Board Options Exchange that would pay out if GM or Ford default before September 2012 ticked higher. The contracts, which remain lightly traded, point to a roughly 73-percent default risk for GM and a 69-percent risk for Ford over that period.

(via The Truth About Cars)

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home