CME Credit Swap Clearing May Lead to Exchange Trading (Update1) (Bloomberg)

Posted in Credit Card Debt, Loan Modifications by admin on December 6th, 2008

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Jan. 27 (Bloomberg) — CME Group Inc. s effort to guarantee credit-default swaps with its clearinghouse may lead to the contracts trading on public markets, according to Rick Redding , the companys managing director for products and services.

Moody’s says could cut GE’s triple-A credit rating (Reuters via Yahoo! News)

Moody’s Investors Service said on Tuesday it was reviewing General Electric Co’s triple-A credit ratings, which could lead to a downgrade, and its shares fell as much as 5 percent in extended trade.

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