12 May 2008
Economics Update
In energy, oil is down a bit, but gasoline has hit a new high again.
Additionally, we have monoliner insurance giant MBIA posting a $2.4 billion loss, tied, once again to the obscure financial instruments CDOs and CDSs.
Pretty slow news day otherwise.
Additionally, we have monoliner insurance giant MBIA posting a $2.4 billion loss, tied, once again to the obscure financial instruments CDOs and CDSs.
Pretty slow news day otherwise.
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