The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (189283)	3/7/2009 9:34:52 PM
From: RockyBalboa	Read Replies (2) of 306849

Why was it possible that MBI, ABK and XL capital were able to tear up credit insurance contracts at a discount?? Why is AIG paying the full fare for the same ??? Here are questions where answers should be simple to provide.... Message 25463064 but evidently no one is showing any interest. And then if they say the remaining "notional exposure" is 300B, what is the loss severity? 15%? 25%? 300B do not translate into 300B bailout requirement. How much can counterparties forgive to help clean up the mess? Nothing. The taxpayer pays it!

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