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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (11594)	1/31/2009 3:08:15 PM
From: ggersh	Respond to of 33421

"The insurers were forced to offer "protection" and risk diversification on assets that had been negligently (fraudulently?) given AAA status. So what insurance company is going to be willing to provide financial surety unless they have sufficient capital to do so?" That says it all, IMO. What is AAA now and in the future. None of them can be trusted, and therefore lies the biggest problem. And remember there was tons more insurance than what was actually needed.