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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 408.23

+2.3%

Dec 22 4:00 PM EST

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To: TobagoJack who wrote (29433)	2/14/2008 2:55:47 PM
From: Elroy Jetson	Read Replies (2) of 218678

Bond insurers have 4 to 5 days to re-capitalize themselves enough to keep their crucial AAA credit ratings, New York Governor Eliot Spitzer said during a Congressional hearing on the $2.4 trillion industry on Thursday. If that doesn't happen, regulators will have to step in and separate bond insurers' municipal businesses from their more troubled structured finance units. "We will need to move in that direction. It is not our first choice but time is short," Spitzer said. "In the next four or five bus days we would like to see a resolution," Spitzer added. "It's time for deals to get done." MarketWatch - By Alistair Barr - Feb. 14, 2008 marketwatch.com

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