Stress Tests: Banks vs. Bond Insurers [View article]
Yup, great post. If a writer of CDS's like MBIA is able to make good on its obligations, maybe not all CDS's are created equal. Hmmm, I guess it would be nice if all those CDS's that are not on JPMorgan's balance sheet (but should be) were obligations of MBIA...
Stress Tests: Banks vs. Bond Insurers [View article]