Bailout of Insurers

[blackbox]

60% of non retirement funds in cash or CDs. That is going up by the hour, haha.
Besides 401K, which is already being dollar cost average, I plan to use some of my that 60% when the drop goes into pure panic.
As far as my 401K, which is taking a beating, I hope the market stays in a bear market for the next 2 to 3 years or more. I like the idea of investing long-term needed funds every month in a brutal bear market in the short term.
Buy low, sell high!

[Bubblesitter]

Downgrade of MBIA today…

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0KG6bCua6os&refer=home

MBIA Loses AAA Insurer Rating From Fitch Over Capital (Update2) By Emma Moody

April 4 (Bloomberg) — Fitch Ratings cut MBIA Inc.’s insurance rating to AA from AAA, saying the bond insurer no longer has enough capital to warrant the top ranking.

MBIA, the world’s largest bond insurer, would need as much as $3.8 billion more in capital to deserve an AAA, New York- based Fitch said today in a report. The outlook is negative, Fitch said.

Fitch issued the new, lower rating even though Armonk, New York-based MBIA asked the ratings company last month to stop assessing its credit worthiness. The two companies disagree over how much capital MBIA needs to absorb losses on the bonds it insures.

“It will be difficult for MBIA to stabilize its credit trend until the company can more effectively limit the downside risk” from collateralized debt obligations, Fitch said in the report.

[Bubblesitter]

Downgrade of MBIA today…

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0KG6bCua6os&refer=home

MBIA Loses AAA Insurer Rating From Fitch Over Capital (Update2) By Emma Moody

April 4 (Bloomberg) — Fitch Ratings cut MBIA Inc.’s insurance rating to AA from AAA, saying the bond insurer no longer has enough capital to warrant the top ranking.

MBIA, the world’s largest bond insurer, would need as much as $3.8 billion more in capital to deserve an AAA, New York- based Fitch said today in a report. The outlook is negative, Fitch said.

Fitch issued the new, lower rating even though Armonk, New York-based MBIA asked the ratings company last month to stop assessing its credit worthiness. The two companies disagree over how much capital MBIA needs to absorb losses on the bonds it insures.

“It will be difficult for MBIA to stabilize its credit trend until the company can more effectively limit the downside risk” from collateralized debt obligations, Fitch said in the report.

[Bubblesitter]

Downgrade of MBIA today…

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0KG6bCua6os&refer=home

MBIA Loses AAA Insurer Rating From Fitch Over Capital (Update2) By Emma Moody

April 4 (Bloomberg) — Fitch Ratings cut MBIA Inc.’s insurance rating to AA from AAA, saying the bond insurer no longer has enough capital to warrant the top ranking.

MBIA, the world’s largest bond insurer, would need as much as $3.8 billion more in capital to deserve an AAA, New York- based Fitch said today in a report. The outlook is negative, Fitch said.

Fitch issued the new, lower rating even though Armonk, New York-based MBIA asked the ratings company last month to stop assessing its credit worthiness. The two companies disagree over how much capital MBIA needs to absorb losses on the bonds it insures.

“It will be difficult for MBIA to stabilize its credit trend until the company can more effectively limit the downside risk” from collateralized debt obligations, Fitch said in the report.

[Bubblesitter]

Downgrade of MBIA today…

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0KG6bCua6os&refer=home

MBIA Loses AAA Insurer Rating From Fitch Over Capital (Update2) By Emma Moody

April 4 (Bloomberg) — Fitch Ratings cut MBIA Inc.’s insurance rating to AA from AAA, saying the bond insurer no longer has enough capital to warrant the top ranking.

MBIA, the world’s largest bond insurer, would need as much as $3.8 billion more in capital to deserve an AAA, New York- based Fitch said today in a report. The outlook is negative, Fitch said.

Fitch issued the new, lower rating even though Armonk, New York-based MBIA asked the ratings company last month to stop assessing its credit worthiness. The two companies disagree over how much capital MBIA needs to absorb losses on the bonds it insures.

“It will be difficult for MBIA to stabilize its credit trend until the company can more effectively limit the downside risk” from collateralized debt obligations, Fitch said in the report.

[bubba99]

Interesting that MBIA asked Fitch to stop rating its insurance – and that S+P and Moody’s still have MBIA at an AAA.

Could it be that Fitch is the only rating agency with any integrity?

[bubba99]

Interesting that MBIA asked Fitch to stop rating its insurance – and that S+P and Moody’s still have MBIA at an AAA.

Could it be that Fitch is the only rating agency with any integrity?

[bubba99]

Interesting that MBIA asked Fitch to stop rating its insurance – and that S+P and Moody’s still have MBIA at an AAA.

Could it be that Fitch is the only rating agency with any integrity?

[bubba99]

Interesting that MBIA asked Fitch to stop rating its insurance – and that S+P and Moody’s still have MBIA at an AAA.

Could it be that Fitch is the only rating agency with any integrity?

[bubba99]

Interesting that MBIA asked Fitch to stop rating its insurance – and that S+P and Moody’s still have MBIA at an AAA.

Could it be that Fitch is the only rating agency with any integrity?

[EconProf]

BobS
Bubba99: You nailed it. I’ve read elsewhere (Forbes Magazine) that Fitch is more honest and hard-nosed than the bigger old standards Moody’s and S & P.

[EconProf]

BobS
Bubba99: You nailed it. I’ve read elsewhere (Forbes Magazine) that Fitch is more honest and hard-nosed than the bigger old standards Moody’s and S & P.

[EconProf]

BobS
Bubba99: You nailed it. I’ve read elsewhere (Forbes Magazine) that Fitch is more honest and hard-nosed than the bigger old standards Moody’s and S & P.

[EconProf]

BobS
Bubba99: You nailed it. I’ve read elsewhere (Forbes Magazine) that Fitch is more honest and hard-nosed than the bigger old standards Moody’s and S & P.

[EconProf]

BobS
Bubba99: You nailed it. I’ve read elsewhere (Forbes Magazine) that Fitch is more honest and hard-nosed than the bigger old standards Moody’s and S & P.

[Author]

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