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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Thu Jan-17-08 11:24 PM Original message |
MBIA, Ambac Tumble, Default Risk Soars After Losses (Update3) |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 12:26 AM Response to Original message |
1. Ayup. This just might be the shit hitting the fan. |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 04:18 AM Response to Reply #1 |
7. Ayup, Roland. You take me back to my Yorkshire "Call a Spade a Spade" |
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truthisfreedom (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 12:39 AM Response to Original message |
2. it's easy to see where this is going, folks. Credit card fees and hidden charges will explode. |
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debbierlus (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:03 AM Response to Reply #2 |
23. That is a little simplistic - that will push more defaults & put them in an even worse situation |
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TexasLawyer (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 12:50 AM Response to Original message |
3. TROUBLE! |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 01:00 AM Response to Original message |
4. The guys over at CNBC all turned a sickly green when this news was announced |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 01:17 AM Response to Original message |
5. Bloomberg is saying they have a more than 70 percent chance of going bankrupt |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 04:15 AM Response to Original message |
6. WSJ's "Heard on the Street" comment this morning: |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 04:24 AM Response to Reply #6 |
8. And the FT comments (via MSNBC): |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 05:17 AM Response to Reply #6 |
9. Adding this from Forbes: |
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ozymandius (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 06:25 AM Response to Reply #9 |
11. It is scary because these bond insurance policies do not exist in a vaccuum. |
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redqueen (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:16 AM Response to Reply #9 |
26. Who could have seen trouble coming with banks involved in ponzi schemes? |
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ozymandius (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 06:20 AM Response to Original message |
10. Recommended. |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 06:28 AM Response to Reply #10 |
12. Money Market Funds also, potentially, right, Ozy? |
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ozymandius (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:08 AM Response to Reply #12 |
14. This has the potential of infecting them too. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 09:57 AM Response to Reply #12 |
20. Subprime fallout hits big money market funds |
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antigop (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:00 AM Response to Reply #12 |
21. WSJ: Money funds may hold subprime, too |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 06:32 AM Response to Reply #10 |
13. mmm.... |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:16 AM Response to Original message |
15. It's not just these two. Re. other insurers (UK Independent): |
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cap (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:21 AM Response to Reply #15 |
16. this is huge |
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JNelson6563 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 08:18 AM Response to Original message |
17. K&R |
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fascisthunter (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 04:28 PM Response to Reply #17 |
31. I Kinda Wish I Didn't |
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RedEarth (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 09:32 AM Response to Original message |
18. This could be big time trouble.... the house of cards might come tumbling down |
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RedEarth (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 09:38 AM Response to Original message |
19. Ambac won't pursue stock sale, continues to evaluate options |
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debbierlus (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:00 AM Response to Original message |
22. There is something in the air right now |
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redqueen (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:04 AM Response to Original message |
24. This situation has been developing for years. |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:10 AM Response to Original message |
25. I figure that... |
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Oak2004 (1000+ posts) Send PM | Profile | Ignore | Sat Jan-19-08 03:45 AM Response to Reply #25 |
45. Not really, it's much much worse |
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Le Taz Hot (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:42 AM Response to Original message |
27. Can someone explain to some of us laypersons |
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navarth (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 12:12 PM Response to Reply #27 |
28. amen to that |
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bain_sidhe (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 04:24 PM Response to Reply #27 |
30. If I understand your question correctly |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 05:27 PM Response to Reply #30 |
32. Exactly correct. |
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bain_sidhe (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 05:56 PM Response to Reply #32 |
33. Thank you! |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 06:15 PM Response to Reply #33 |
34. Yes, exactly. |
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bain_sidhe (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:00 PM Response to Reply #34 |
36. Another point I missed |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:51 PM Response to Reply #36 |
40. Yup, and therein lies the problem. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 10:25 PM Response to Reply #40 |
44. It's too late to edit and my math was off... |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 06:17 PM Response to Reply #32 |
35. Thanks very much for that clarity from yourself and bain_sidhe. |
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Le Taz Hot (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 08:49 PM Response to Reply #30 |
42. OK, now THAT I understood! |
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wizstars (792 posts) Send PM | Profile | Ignore | Fri Jan-18-08 03:06 PM Response to Original message |
29. Like father, like son... |
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RedEarth (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:01 PM Response to Original message |
37. Bond-insurer woes may trigger more write-downs |
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Theres-a (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:01 PM Response to Reply #37 |
38. I think we're gonna need a bigger seatbelt. |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 07:17 PM Response to Original message |
39. CNBC is saying that the Feds need to bail out these guys |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 08:20 PM Response to Original message |
41. The Guardian's Leader, Saturday January 19, 2008 |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Fri Jan-18-08 09:04 PM Response to Original message |
43. Ambac Downgraded by Fitch |
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DemReadingDU (1000+ posts) Send PM | Profile | Ignore | Sat Jan-19-08 07:21 AM Response to Original message |
46. morning kick |
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Birthmark (1000+ posts) Send PM | Profile | Ignore | Sat Jan-19-08 07:43 AM Response to Original message |
47. I've changed my attitude on the economy... |
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