CDS to be exchange-listed shortly; The NY Fed apparently has pulled their head out of the place where the sun doesn't shine and is going make sure this gets done. For once the jawboning comes with actual results.
Be warned - AIG is likely toast as soon as that's implemented, and if you think that was a "loan" they got from the NY Fed, well, no, it wasn't.
My prediction is that it won't be repaid and as soon as the exchange is up and running, and we have margin supervision on the other "important" companies, AIG will be cut loose and sink.
(c) Market Ticker, My God, One Intelligent Act!
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