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Next on the Worry List: Shaky Insurers of Bonds.

Authors :
Bajaj, Vikas
Anderson, Jenny
Creswell, Julie
Source :
New York Times. 1/24/2008, Vol. 157 Issue 54199, pA1-A15. 2p.
Publication Year :
2008

Abstract

The article reports that U.S. government regulators of the financial services industry have begun discussions on possible action to shore up the bond insurance companies MBIA and Ambac. The two firms have guaranteed over $1 trillion of bonds, and may not be able to repay investors if the borrowers default on them, creating a financial crisis. Officials met with representatives of major banks to discuss a possible bailout. News of the meeting led to a dramatic rise in stock prices.

Details

Language :
English
ISSN :
03624331
Volume :
157
Issue :
54199
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
28556462