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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ChanceIs who wrote (94007)11/6/2007 5:17:14 PM
From: patron_anejo_por_favor of 306849
 
>>"The issue is whether they will be able to continue to exist with those downgrades; time will tell, it depends on the particular firm."<<

That's quite an issue, given that it's their "insurance" that gives so much of the crap they certify a AAA rating!

In a just world, they would dissolve, but I fear MBI may get a "company specific, no moral hazard-intended" bailout because they insure so many munis. Not that banks couldn't take that over eventually.....they are certainly a reckless bunch who have done massive damage.
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