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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (98074)12/21/2007 10:52:17 AM
From: Jim McMannisRespond to of 306849
 
"Muni Insurance Is Worthless"

It really always was. 22 years ago my bond broker friend told me the bond insurers were only a couple of defaults away from BK.

Am I to understand now that they havebeen backing mortgage backed packagings and in the PMI business?