Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $29,008
35%  
Woo hoo!! And we're now over 35%!! Thank you all very much!! God bless.

Keyword: reinsurors

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  • Big Bond Insurer Discovers That Layers of Risk Do Not Create a Cushion

    12/20/2007 8:07:47 PM PST · by DeaconBenjamin · 8 replies · 135+ views
    NY Times ^ | December 21, 2007 | By VIKAS BAJAJ
    On Thursday, shares of the nation’s biggest insurer of financial risk, MBIA, fell 26 percent... The move came a day after Standard & Poor’s downgraded another bond insurer and assigned a negative outlook to four companies, including MBIA. MBIA’s disclosure, which came in a data table posted on its Web site late Wednesday without any explanation, highlights the crisis in confidence that has racked the credit market. Investors, specialists say, are scared of what they do not know and no longer trust what they are told by the professionals who are supposed to know. * * * MBIA, whose name...