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

 

XL Capital CDS trades upfront, stock plunges

Credit default swaps on XL Capital Ltd (XL.N: Quote, Profile, Research, Stock Buzz) began trading on an upfront basis on Thursday, and its stock price plunged more than 37 percent.

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