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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (110643)	1/20/2008 10:45:57 AM
From: Knighty Tin	Read Replies (4) \| Respond to of 132070

Hillary is kicking Obama's butt now. Ugh! McCain didn't win by enough to hold off Rudy and Mitt.

To: Knighty Tin who wrote (110643)	1/20/2008 2:00:25 PM
From: KPHinds	Read Replies (1) \| Respond to of 132070

Re MBIA and Ambac, you're probably right. The old-school risk-based capital means of managing companies will likely end up dying/changing for many companies. Insurance companies and other financial institutions need to manage risk relative to catastrophe. Lets hope that Sarbannes Oxley lets people do that. The subprime question marks are interesting, reading the Barrons article. They are solvent assuming that default rates hit 19%, which they think is high. I have no idea if 19% is high. Anyone know??