Credit market fears open the way for Buffett

Story date: 2008-01-08 03:27:00
Added on: 2008-01-08 19:17:41

Financial Times - In recent years, bond insurers moved into areas other than municipal bonds, guaranteeing structured debt backed by assets such as mortgage loans. In 2006, some $199.4bn of US municipal bond issuance was insured, against $341.5bn of asset-backed ...


Read more...

Related Stories:

• New York's Dinallo Considers Splitting Bond Insurers (Update3)

  Bloomberg - The world's largest bond insurers may lose the AAA credit ratings they use to guarantee $2.4 billion of municipal and...
  2008-02-14 08:16:00

• Congress examines municipal ratings, bond insurers

  Guardian Unlimited - The bond insurance industry -- led by firms such as MBIA Inc and Ambac Financial Group Inc -- guarantees...
  2008-03-12 12:33:00

• CHRONOLOGY - Bond insurers' credit ratings

  Forbes - NEW YORK (Reuters) - Troubles in the $2.4 trillion bond insurance industry have been the focal point of a widening...
  2008-03-05 10:01:00

• MBIA Advocates Severing Municipal, Corporate Units (Update3) (Bloomberg.com)

  Feb. 21 (Bloomberg) -- MBIA Inc.'s new Chief Executive Officer Jay Brown, under pressure to come up with a plan to rescue...
  2008-02-21 03:33:45

• Insurers' woes could hit muni bond ratings (Los Angeles Times)

  Mortgage losses may affect some firms' ability to pay claims. The financial troubles of major bond insurers are rattling...
  2007-12-22 12:13:58

• Officials Move to Rescue Shaky Bond Insurers

  CNBC - ... jumped 72 percent, although they both remain far below their levels before the extent of the mortgage debacle...
  2008-01-24 07:51:00

• US Bond, Mortgage Insurers Higher On MBIA Reinsurance Deal (INO News)

  Shares of mortgage and bond insurers rose Thursday a day after announcement of a deal for MBIA Inc. (MBI) to reinsure billions...
  2008-08-28 08:22:18

• Buffett offers to help bond insurers

  USA Today - Instead, they pushed into more profitable yet riskier lines, such as insuring bonds backed by subprime mortgages. Rating agencies...
  2008-02-11 03:58:00