The fallout of bond insurers - sorry, but it's time of judgment
For long, bond insurers have been selling out their premium credit which they borrowed from credit rating agencies. Now, those rating agencies are trying to call back their “loan” amid the “credit” squeeze, as they realized (or pretended just aware) that bond insurers are no fancy but merely a kind of derivative of the lucrative bond products.
(閱讀全文)
