BIS information update.

The dog wants to point you the reader in the direction of a great working paper over at the BIS. The paper is written by Michael R. King and is entitled "Time to buy or just buying time? The market reaction to bank rescue packages". Here is the paper:

http://www.bis.org/publ/work288.htm

It is a fantastic statistical analysis of the financial intervention especially in the area of "CDS" aka "Credit Default Swaps" spreads IMHO.

Tell us what you think...............................