The Fed Scheduled their meeting for 2 days. It now starts on September 20th. Maybe a co-incidence, but what better way to be prepared for new emergency policies?
CDS "rolls" on the 20th. On the 21st, all Sept 2011 CDS will have expired. My guess is that banks own more protection than they sold to the September 20th date, so defaulting while those contracts are still valid would be a net benefit to the banking system.
A Greek co-worker of mine is going there on the 19th. He may find it difficult to get back....
Have Geithner’s bosses at Goldman Sachs begun to worry yet?
He is such a weasel.
Double not-so-secret probation for Greece?
So, I guess that’s it then.......