26 February 2008

No Downgrade for Monoline Insurers....Yet

Standard & Poor’s has decided not to downgrade MBIA and Ambac at this time.

So, the monoline bond insurers dodged a bullet, for now.

I wish that I'd had an hour's notice. I'd have bought stock, and sold it an hour after.

That being said, I still think that these companies are insolvent.

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