Thursday, January 10, 2008

Double, Double; Toil And Trouble

Forbes piles on poor MBIA (01.09.08):
"MBIA, the largest bond insurer, detailed plans to shore up its capital and keep its all-important AAA credit ratings, but those assurances didn't keep its stock from plummeting another 15% in Wednesday trading.

Mortgage insurers, along with lenders, continue to be hammered by investors who aren't confident that last year's subprime mortgage troubles have fully worked their way through the system."

How Do You Spell 'Crisis'? MBIA

In the meantime, Warren's new company "has already backed one $10 million bond issue by New York City."

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