Monday, August 3, 2009

Inside The Seedy World Of CDS Pricing

Bloomberg is running a story on Markit Group which basically has a monopoly on CDS price dissemination.

The one thing that bears watching is that JP, BOFA, RBS, and most importantly GS are the largest shareholders in Markit.

No conflict of interest here.

www.bloomberg.com/apps/news?pid=newsarchive&sid=aY8qgf__wlNM

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