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  • biz.yahoo.com
    Landsbanki Debt Settles at 1 Cent on the Dollar (Portfolio.com via Yahoo! Finance)
    What happens to unsecured bondholders when a financial institution goes bust? A good place to start is to look at the settlement price in CDS auctions. Fannie and Freddie settled in the high 90s: yes, there was a credit event, but from a bondholder perspective there were few if any losses.
  • www.bloomberg.com
    Wilbur Ross Says GM Bankruptcy Filing Would Be a `Total Mess' - Bloomberg
    Yahoo Wilbur Ross Says GM Bankruptcy Filing Would Be a `Total Mess' Bloomberg - 9 hours ago Ross, dubbed the ``King of Bankruptcy '' by Fortune magazine in 1998, said a restructuring bid by one of the three top US automakers would topple its peers ... Auto bankruptcy protection won't work: report Reuters Ross Warns Bankruptcy Won’t Help Auto Makers New York Times Blogs all 47 news articles
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