Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $35,069
43%  
Woo hoo!! And we're now over 43%!! Thank you all very much!! God bless.

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  • Banks link to solve bond insurers crisis (bailout?)

    02/01/2008 4:19:36 PM PST · by TigerLikesRooster · 33 replies · 184+ views
    FT ^ | 02/01/08 | By David Wighton, Aline van Duyn, Henny Sender, and Peter Thal Larsen
    Banks link to solve bond insurers crisis By David Wighton, Aline van Duyn and Henny Sender in New York and Peter Thal Larsen in London Published: February 1 2008 19:53 | Last updated: February 1 2008 20:05 Leading US and European banks are joining forces to find solutions to the crisis among US bond insurers, whose problems threaten to exacerbate the impact of the credit squeeze. One group of banks, including Citigroup and Barclays, is examining options for supporting Ambac Financial, one of the leading insurers. Separate teams are working with other bond insurers, according to people close to the...