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To: patron_anejo_por_favor who wrote (38825)	11/18/2000 2:25:22 PM
From: patron_anejo_por_favor	Respond to of 436258

Interesting nuggets from the MBI web site: mbia.com mbia.com It has been MBIA's mission for nearly a quarter century to help public-sector entities access the capital they need to fund their growth. A financing insured by MBIA automatically receives a Triple-A rating, qualifying it for lower interest rates, enhanced marketability and an irrevocable guarantee that the debt will be repaid if something goes wrong.>> Sounds like they assume the default risk. Personally, I have a lot of questions about some of the stuff that passes for AAA these days....