oldlures1

The Monolines Need $200 Billion? No Way

Reinko - what does $50 trillion in US debt have to do with monoline exposure? You lost me.
Regardless, my point was that it is refreshing to see something quasi-positive, if not sensible, regarding the plight of the bond insurers. I don't know Mr. Brown, nor do I know his background, but I'm in his camp on the validity (or lack thereof) of Gross, Egan and Ackman's numbers. In fact, their combined temperment on the subject verges on fanatical, to the point I question if they individually have exceedingly large short positions on the Insurers(?).

Is Mr. Brown correct in his allegations and position on the matter? *shrugs* Only tell will tell, I suppose.

The Monolines Need $200 Billion? No Way

Hallelujah! Someone that hasn't succomb to the rampant Chicken Little mentality.
Thank you for your insight. Keep it coming!