THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

Morgan Stanley debt protection costs jump

Morgan Stanley's credit default swaps jumped to a cost of around 25 percent of the the sum insured on an upfront basis, or $2.5 million in a lump sum to insure $10 million for five years, plus annual premiums of 5 percent, said an analyst.

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