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Statement by NY Insurance Superintendent on Bond Insurers

  1. 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?