Please help support WRH by visiting our advertisers!

THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

GE Capital credit-default swaps soar

Credit-default swaps on GE Capital Corp. climbed as much as 125 basis points to 740 basis points before dropping back to 680, according to broker Phoenix Partners Group. An increase in the contracts, used to hedge against losses or to speculate on creditworthiness, suggests a decline in investor confidence.

Comments