Monoline central

Discussion in 'Stocks' started by cgtrader, Jan 30, 2008.

When will the next big downgrade happen to a monoline?

  1. Any minute now

    4 vote(s)
  2. By the end of the week

    3 vote(s)
  3. By the end of February

    3 vote(s)
  4. Won't happen

    1 vote(s)
  1. Since this subject is way too important to ignore:

    What are your best guess at how soon we could see ratings adjustments or announcements on companies such as:

    -Ambac ABK


    -Assured Guaranty AGO
  2. My thesis is that bad news will continue to hit the press at any and all times. The bond insurers are just another piece of the rotton puzzle. The multi trillion dollar otc derivatives market is like a bad nightmare just waiting to happen and when it does I don't want to be caught with my pants down. Socgen did just that last week and there was nothing US investors could do but watch in horror.
  3. Yeah just by chance I watched that sixty minutes the other day. As we are talking about this right now banks are still doing what got them into this disaster in the first place. When the disaster gets big enough and everyone starts pointing the fingers some of these clowns will be walking away with fat compensation packages while others will probably be investigated and sent to jail. Gives you such a nice warm fuzzy feeling inside.
  4. It seems like " Bob" has found a way to short sell the physical real estate market. :D
  5. Well I'm changing my vote to "Any minute now"

    Ackman seems very smart.
  6. Fitch cuts FGIC rating to AA from AAA
    By Alistair Barr, MarketWatch
    Last Updated: 4:15 PM ET Jan 30, 2008

    SAN FRANCISCO (MarketWatch) -- Fitch Ratings said on Wednesday that it cut the AAA ratings of Financial Guaranty Insurance Company (FGIC) to AA because the bond insurer doesn't have enough capital to keep its top rating. Fitch warned it may cut FGIC's ratings further in future. "The existing capital deficiency, which Fitch now believes totals approximately $1.3 billion, resulted from rapid credit deterioration in FGIC's insured portfolio," the rating agency said in a statement. Fitch is most concerned about transactions backed by structured finance collateralized debt obligations backed by subprime residential mortgage-backed securities (RMBS) and direct exposure to securities backed by prime second-lien home loans.
  7. Daal


    abk mbi will probably going to $0. restored my short there and bought some puts