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. Read More
There is good news and bad news today. The good news is that there have been some signs of stabilization: retail sales better than expected, commodity off their highs, and the stock market is behaving better this week. Read More
Warren Buffett's offer to back the municipal bond portfolios of three monoline insurers has put some bounce into stocks today, and it's also waking up the credit markets. Buffett's offer to have his Berkshire Hathaway guarantee the $800 billion municipal bonds covered by three troubled insurers is giving a big boost of confidence to a market made anxious... Read More
Rally on strength in cyclicals, agricultural stocks, insurance and banks. Markets are up for a couple reasons this morning. Most importantly, there is a sense that efforts are being made to address the credit problems, whether it is: Read More
Stock futures have rallied about 6 points, bond futures have declined as Warren Buffet appeared on CNBC saying he has offered to take over the muni bond insurance exposure from the big 3 bond insurers (MBIA, Ambak, and FGIC)--about $800 billion worth. Read More
I tried to break down how the bond insurer crisis could impact the whole economy. You wrote back (see the bottom for criticism that it is the "worst" article to date!) Retired insurance analyst Mike S.:"A bit simplistic, but generally on target. Good job." Read More
Most Americans don’t know the difference between "monoline" and "mononucleosis." Suddenly we’re told the fate of capitalism rests on saving teetering monoline bond insurers from losing their AAA credit ratings. Today I report on how this all relates to you. Read More