Kurtis

Spitzer: The Monoline Angle

Why should the monolines be kept in business? MBI and Ambac are debt ridden hulks. Now that Moody's is rating munis the same as corporate debt they've become useless relics. They have no business. Munis will get their Aaa rating without the need for monolines. There're dinosaurs without a purpose. They're stocks will collectivelly sink to pennyland which is where they belong. Again I say BUYER BEWARE!