Monolines = Duolines
A quick definitional linguistic note: From now on, I am no longer calling the misnomered monolines by that incorrect name.
Henceforth, until such time as they are cleaved in twain, they shall be known as Duolines.
Monday, February 25, 2008 | 06:57 AM | Permalink
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There is an interesting article in the FT authored by Larry Summer in favor of a mortgage borrower bailout. see http://www.ft.com/cms/s/0/471e6794-e2e7-11dc-803f-0000779fd2ac.html
Magnus(see previous TBP post), also thinks that the government will bailout borrowers, but he points out that it will happen before congress recesses in october.
If U.S. taxpayers are going to pay the subprime mess bill, then why should the rating agencies loose the little credibility they still have by swallowing the Ambac rescue proposal stuffed in their throats?
Posted by: Steelduck | Feb 25, 2008 7:35:33 AM
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