Lehman's Bomb Disposed?

Here is a link to the latest news re the Lehman's CDS close today. Perhaps after all there is to be no explosion? I did see this as well today though.

If tomorrow, when the dollar amounts are announced by the various parties involved, reveal no major losses (a small Hedgie should not be too much to worry about if it comes to it!), then this is a great crisis passed.

CDS may yet come to haunt the world at a later date if other big institutions go down, but for the moment this might be another sign that the credit crisis is past its worst point. LIBOR is coming down, money markets are opening up...what was that phrase? 'The green shoots of recovery.'

Now only a serious recession to get through and years of paying back the debt from the bail-out. In my wildest imagination I wonder if the scale of the bail-out would still be needed if less heed was paid to CDS rates. Traders looking at these were one of the main causes of the huge share price falls.

However, now the socialists have their hands on the throat of capitalism, they are not about to let go...