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  1. Well.. I’m still going to chill…

    To answer your question Brooklynnative, Monolines provide insurance to multiple forms of Bonds. From MBS, Muni, CDO and Derivatives. If these companies are allow to split they would lose their AAA Rating.

    With out this rating they cannot insure bonds and borrowing cost (Rates) will go to the moon.

    People who buy Bonds would want a higher rate to insure against default. So this is a bad idea and would lead to Unintended Consequences.

    http://en.wikipedia.org/wiki/Unintended_Consequences

    The What

    Someday this war is gonna end…..

  2. Good day Asshats. we have a problem looming in the credit markets. Interest rates are set to rise. The Ten Year note is rising and that will have a impact on rates.

    State and Local governments are paying higher rates for Bonds. This will have a serious impact on you property and income taxes. Here read this.

    Pittsburgh Hospital Redeems `Loan Shark’ Auction Debt

    http://www.bloomberg.com/apps/news?pid=20601087&sid=alg9g8vGRoV4&refer=home

    Plus food and energy prices are skyrocketing! I hope you are paying attention.

    U.S. January Import Prices Rise More Than Forecast

    http://www.bloomberg.com/apps/news?pid=20601103&sid=akcmnJVx4JbQ&refer=us

    Last but not lease. Pray to GOD the don’t spilt the Monolines up, Interest rates will go to the moon. Now lets see someone refute this!

    The What

    Someday this war is gonna end…