pickaroonwyo

A Bank Led, Bank Insurer Bailout?!

How do you rescue a super-slo-mo train wreck?

A Bank Led, Bank Insurer Bailout?!

Great work Reggie!

Buffett's Offer Won't Save the Monolines

This crystallizes the discussion. Why would the monolines give up their munis and retain the CDO's.....signing their own death sentence? Why would the government bail them out when Buffet has already offered? Monolines cannot shake off the fleas from "bad neighborhoods".

Curious: how does this affect AGO's exposure as reinsurer of ABK?

Save Those Bond Insurers, and Avert a Bigger Crash

"Capitalism without financial failure isn't really capitlaism at all, but a kind of socialsim for the rich."
-James Grant

Tax-free MM funds are currently escaping floating rate muni bonds with <AAA ratings (read NY MTA). I'm sure this is only part of a larger migration.

I'm Out of Closed-End Muni Funds - For Now

www.reuters.com/articl...

You may be on to something. Tax-free MM funds are exiting exposure to floating rate muni bonds which need insurance to have AAA rating.

On Financial Guarantors and Reinsurers

Great stuff Reggie!

Gonna take my election year "money in the mail" and buy AGO!

BWA HA HA HAA!

Waiting for One Financial Guarantor to Fail

Dear helpless....your handle betrays your fatalism. MBIA and ABK can fail because there are "too many to save".

"Capitalism without financial failure isn't really capitalism at all, but a kind of socialsim for the rich" -James Grant