US report: Banks may form consortium to raise funds for bond insurer ...
Story date: 2008-02-05 02:54:00
Added on: 2008-02-05 17:35:37
MSN UK News - ... business and stave off a wave of downgrades that could result in billions of dollars in losses. The bond insurers are facing downgrades because they guaranteed the principle and interest payments of securities underpinned by subprime mortgage loans.
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