Monoline Insurance: There’s a New Sheriff in Town…
The monoline insurers — the firms that issued default insurance on muni bonds that never default — have been buried by more...
NYTimes, Société Générale, & Me
>When it rains, it pours: Last night, I actually spoke with a reporter (novel idea) about a piece he was writing on Société...
Quote of the Day: Ackman on MBIA
Bill Ackman asks if Fitch Ratings should really have a Triple AAA rating on MBIA: Does a company deserve your highest Triple A rating...
Monoline Rescue Plan Round Up
Here are some of the stories on the proposed rescue plan of the monoline insurers (AMBAC, FGIC, MBIA) • Banks pressed to bail-out bond...
MOODY’S PLACES ITSELF ON NEGATIVE WATCH
In light of the prior post, I couldn’t help but be amused by this commentary: MOODY’S PLACES ITSELF ON NEGATIVE WATCH...
Is the Fed a Paper Tiger?
Yesterday, we listed 7 concerns with the Fed’s confusing emergency 75 bp rate cut. We said we detected a “A Whiff of Panic . ....
End of day WTF?! Post
Things that make you go Hmmmmmmmmm: • Except for all the losses, U.S. Banks were wildly profitable last year (Bloomberg) •...
Counter-Party Risk
Get used to hearing that phrase: Counter-Party Risk. You will be hearing a lot of it in the coming year. Its one of the reasons I...