The cost of insuring debt on some U.S. banks is higher than the cost of doing same for many third-world countries. Consider the spread on bank credit-default swaps, with Lehman currently more expensive to insure than Nigerian debt.
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The cost of insuring debt on some U.S. banks is higher than the cost of doing same for many third-world countries. Consider the spread on bank credit-default swaps, with Lehman currently more expensive to insure than Nigerian debt.