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

To: Hawkmoon who wrote (104747)	2/13/2008 11:52:43 AM
From: patron_anejo_por_favor	Respond to of 306849

Sorry, power and greed are different vices. Guess we'll just have to disagree on that... (but that's OK). Honestly, Muni Bond insurance is a pretty straightforward business (which is why Buffet is wading in here, he tends to eschew complexity, God bless him!) Government could run it, most of the posters on this thread could run it, hell, my 12 year old could run it profitably. It's just a question of which deep pocketed entities you want the benefits to flow to, IMO. And making sure they don't f*ck it up in the future (it's pretty mind bending that the monolines were able to mess up this badly to begin with but that's what happens when you get deregulated financial service industries in a positive feedback loop with politicians....endless abuse of privelege.