Tags: Ambac + Credit + FGIC + MBIA + municipal bonds + munis
Last week the credit markets seized up again when institutional investors declined to buy Muni bond and Preferred stock debt at any price. The Auction Rate Securities market is the market where interest rates are regularly re-set on long term Muni and Preferred debt
February 18, 2008 - Markets - 0 Comments
Tags: Ambac + FDIC + Interest Rates + MBIA + Treasury
Federal Reserve Chairman Bernanke responded appropriately to again lower the Federal Funds and Discount rates yesterday in an effort to thwart bank failures—creating generous loan spread to boost bank profitability. By again
January 31, 2008 - Politics - 0 Comments
Tags: Ambac + Cramer + MBIA + Monoline bailout + sub prime
Stock markets gyrated from misery to euphoria when news broke that a proposed cash infusion into the monoline insurers, namely MBIA and Ambac, was being sought by New York Superintendent of Insurance Eric Dinallo. At risk is an estimated $2.5 trillion worth of debt securities issued with guarantees by the insurers whose combined stock market value is less than $2.5 billion. Under the formula seriously floated, $5 billion would be […]
January 24, 2008 - Markets - 0 Comments
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