Statement by NY Insurance Superintendent on Bond Insurers

Discussion in 'Wall St. News' started by Daal, Jan 24, 2008.

  1. Daal

    Daal

    http://www.ins.state.ny.us/press/2008/p0801241.htm

    translation, the banks didnt want to pay for their own bonds otherwise we would be annoucing the figures right now, as a result I dont want anybody in panic so I will just say this is going to take time. anybody got any predictions on what the likely bailout will be?