Mark Shapiro on FTX, After Living Lehman & Distress Round-Up: State of Distressed Debt
FICC Focus
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Is the Lack of Information Making People Fearful?
I suspect as more becomes known and people can start to bookend and model out potential recoveries, then you'll see a lot more claims trading. I think that in terms of like larger institutions, probably most of them, their management's are not allowing their deaths to trade too much of this yet because it's highly speculative. So I think this is one of those stay tuned. What I would call the second pitch of the first inning, and we've got a long game to be played before we know the final score.
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