Time, Markets to Seal U.S. Municipal Insurance Fate, Says N.Y. Regulator

March 12, 2008

  • March 12, 2008 at 9:24 am
    yo yo says:
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    First, he’s going to raise capital for the bond insurers, then he’s encouraging them to split good bank-bad bank, then he’s okay with the Buffet offer, then it’s testifying with Spitzer in front of Congress saying the bond insurers only have a few days to raise capital or the sky will fall, and now it’s up to the markets to determine if the bond insurers survive. Any ideas about how to grade Dinallo’s performance? “A” for effort? “D-” for results?

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