Thursday, February 14, 2008

Bond insurers have days to re-capitalize, Spitzer says (ABK; MBI)

See post below for Melissa Moody's downgrade of MBI.
From MarketWatch:

Bond insurers have four to five business days to re-capitalize themselves enough to keep their crucial AAA credit ratings, New York Governor Eliot Spitzer said during a Congressional hearing on the $2.4 trillion industry on Thursday....MORE