
If a major U.S. bank is nationalized, it could trigger credit default swaps. The impact might create a "meltdown" bigger than the fallout of Lehman Brothers Holdings Inc., explained David Havens of UBS Investment Bank, Jeff Fitts of Alvarez & Marsal and Ed Weisfelner of Brown Rudnick Berlack Israels LLP at the TMA/The Deal's Distressed Investing Conference in January.
- Maria Woehr
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