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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (9183)	3/13/2009 11:04:01 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

I assume that public transportation systems could continue to operate --- even if in receivership.

To: Hope Praytochange who wrote (9183)	3/13/2009 11:16:34 AM
From: SGJ	1 Recommendation Read Replies (1) \| Respond to of 103300

they collected a premium to insure these tranches !!! if they go under !!! there is no public transportation in those big cities !!!!!!!!! How in the world did you get from a to c on this? Or are you just repeating the PBS storyline? So a premium was collected as credit insurance. Now what appears to be a collateralized lease obligation for muni subway cars has been structured and sold. Same happens for a lot of large capital equipment (Planes, RR cars, etc). Now, according to you, because an insurance company fails coverage the whole credit goes bad and because that happens the cars are somehow repossesed due failure of the insurance? Man this can never happen. As long as the munis pay the lease payment, the trains shall run, and the holders get their return. This hysteria really needs to stop. So many are completely ignorant of finance and make the most outlandish statements.