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1/8 Have your broker buy-buy-buy Countrywide credit default swaps! They now pay 26% of amount insured first year, 5% four subsequent years! http://tinyurl.com/2m8m2b (Reuters) \_ High risk, high reward |
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tinyurl.com/2m8m2b -> www.nytimes.com/reuters/business/business-countrywide-cds-phoenix.html N> debt protection costs jumped on Tuesday amid rumors about more financial problems at the largest US mortgage lender. Credit default swaps trade on an upfront percentage basis when the market considers a company distressed. A spokesman for Countrywide was not immediately available to comment. More Articles in Business Donate to the Neediest Cases today! Tips To find reference information about the words used in this article, double-click on any word, phrase or name. A new window will open with a dictionary definition or encyclopedia entry. |