WSJ’s Matt Dolan tells colleague John Stoll what Detroit’s beleaguered auto makers need to do in order to convince Congress that they are not too weak to be saved. John updates us on GM’s financial status. (Nov. 20)
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WSJ, 11/20/2008
Anytime four New Yorkers get into a cab together without arguing, a bank robbery has just taken place. —Johnny Carson
With sovereign credit risk, particularly Greece, being a main backdrop to= today's $ rally and equity weakness, here is a midday scorecard on sovere= ign 5 yr CDS. Greek CDS is widening out by 32 bps to 268 and is up about= 100 bps in just the past two weeks. Spain is wider by 8 bps to 102 and vs= 87 two weeks ago. Mexico is wider by 11 bps to 146 up from 139 two weeks= ago. US is wider by 4 bps to 39 to the highest since July and up 6 bps ov= er the past two...
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November 21st, 2008 at 5:35 pm
Like “Ciao MS” used to often say: “good luck with that.”