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  • Will the troubles at beleaguered bond insurers MBIA and Ambac help Assured Guaranty, one of only two bond insurers to be rated AAA by all three ratings agencies? The CEO tells Fast Money if the industry can survive.

  • Troubles in the $2.4 trillion bond insurance industry have been the focal point of a widening credit crisis as expected losses in mortgage-backed debt put the insurers' ratings at risk.

  • Wall Street

    A fresh wave of economic worry swept across Wall Street, aggravated by a spike in wholesale prices, dismaying corporate results, and oil trading above $100 a barrel.

  • Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • WilburRoss2.jpg

    Billionaire investor Wilbur Ross will take a stake of up to a billion dollars in bond insurance company Assured Guaranty.

  • A foreclosed home for sale.

    Goldman Sachs issued a gloomy report on the financial services sector, saying housing prices are likely to fall further and write-downs will mount.