Q: Is the government rescue plan working?

Retailers lead in credit default swap widening - DJ
DJ reports the retail sector is leading others in widening of credit default swaps today, Tradition Asiel Securities says. "Weak retail sales and worsening economic outlook (are) increasing underlying risk in retail CDS and stocks," co says. Credit default swaps on Macy's (M), Jones Apparel (JNY) and Liz Clairborne (LIZ) have jumped nearly 30%, firm says. "It now appears that consumption - the lifeblood of the US economy - is now in recession for the first time since the early 1990s," Markit says, adding CDS for retailers were at record levels.

A: Not yet. I guess the government will need to guarantee the debt of Retail companies now.