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Morgan Stanley debt protection costs jump | WHAT REALLY HAPPENED

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THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

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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