2) There's a lot of commentary going around
on the Financial Guarantors and bailouts, whether to profit - seeking individuals like Wilbur Ross, or a consortium of investment banks who will not do so well without them.
Yves Smith at Naked Capitalism had a good post
on the financial guarantors.
Not exact matches
On to part two, the
financial guarantors:
I quote S&P from a paragraph entitled, «Time is
On Their Side,» in their December 19, 2007 report: «Detailed Results of Subprime Stress Test of
Financial Guarantors.»
I said that early
on with the
financial guarantors.
Financial guarantors, who promise to reimburse investors for any losses
on the CDO tranches in exchange for premium payments; and
Any significant negative impact
on the GSEs,
Financial Guarantors or Life Insurers could affect the solvency of stable value funds to the tune of one year's worth of interest.
As I've said before, I would not be bullish
on the equities of the compromised
financial guarantors.
MBIA Corp.'s ability to attract new business and to compete with other triple - A rated
financial guarantors is largely dependent
on the triple - A
financial strength ratings assigned to it by the major rating agencies and the
financial enhancement rating assigned by S&P.
On January 17, 2008, S&P released updated results to its Bond Insurance Stress Test for
financial guarantors in light of its revised assumptions for subprime - related exposures.
After completing a test of the
financial guarantors on Dec. 19, S&P put the AAA ratings of MBIA, Ambac, Security Capital Assurance Ltd. and CIFG Financial Guaranty on negative
financial guarantors on Dec. 19, S&P put the AAA ratings of MBIA, Ambac, Security Capital Assurance Ltd. and CIFG
Financial Guaranty on negative
Financial Guaranty
on negative outlook.
Produced individual
guarantor analyses based
on personal
financial statements and tax returns.
In cases where applicants want to sign with a
guarantor, run a credit check
on the
guarantor to learn his or her
financial profile.