The Jury is Still Out on the Monolines [View article]
Yor readers are too sophisticated. These companies are toast and are in runout mode. In the coming crisis they won't payoff their CDO obligations and their munibond portfolios will be transferred to Buffett, Ross and company.
Bond Insurers, Not Fed, Driving Market [View article]
According to the WSJ the initial CDO contracts with the monolines was in the form of an insurance policy. This irritated the investment bankers and they forced the contracts into the form of a CDS so they could make even more money betting on credit quality. Greed knows no bounds.
The Monolines Need $200 Billion? No Way [View article]
Question is after they lose their ratings and go to run out mode where does the money come from after their capital is used up. Surely they don't have $900B sitting on the shelf.
One Easy CDS Fix [View article]
Eye on Short Interest at GM, Assured Guaranty [View article]
The Jury is Still Out on the Monolines [View article]
Bond Insurers, Not Fed, Driving Market [View article]
The Monolines Need $200 Billion? No Way [View article]