- This topic has 89 replies, 9 voices, and was last updated 16 years, 5 months ago by
Bubblesitter.
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April 5, 2008 at 6:22 AM #181436April 5, 2008 at 6:22 AM #181431
Bubblesitter
ParticipantI agree that Fitch seems to be more ethical than the bigger S&P and Moody’s, but S&P and Moody’s has set the ethical bar low.
I believe it is only a matter of time now before MBIA gets downgraded also by the other credit rating agencies. The pressure on these guys have to be intense not to downgrade MBIA and other insurers. At stake is potentially $10s to 100s Billions in additional writedowns of MBS and related securities by the big banks. I am willing to bet that the government is in quiet discussions with S&P and Moody’s to delay the eventual downgrade. The pressure from their customers has also got to be very intense.
Bubblesitter.
April 5, 2008 at 6:22 AM #181424ParticipantI agree that Fitch seems to be more ethical than the bigger S&P and Moody’s, but S&P and Moody’s has set the ethical bar low.
I believe it is only a matter of time now before MBIA gets downgraded also by the other credit rating agencies. The pressure on these guys have to be intense not to downgrade MBIA and other insurers. At stake is potentially $10s to 100s Billions in additional writedowns of MBS and related securities by the big banks. I am willing to bet that the government is in quiet discussions with S&P and Moody’s to delay the eventual downgrade. The pressure from their customers has also got to be very intense.
Bubblesitter.
April 5, 2008 at 6:22 AM #181393ParticipantI agree that Fitch seems to be more ethical than the bigger S&P and Moody’s, but S&P and Moody’s has set the ethical bar low.
I believe it is only a matter of time now before MBIA gets downgraded also by the other credit rating agencies. The pressure on these guys have to be intense not to downgrade MBIA and other insurers. At stake is potentially $10s to 100s Billions in additional writedowns of MBS and related securities by the big banks. I am willing to bet that the government is in quiet discussions with S&P and Moody’s to delay the eventual downgrade. The pressure from their customers has also got to be very intense.
Bubblesitter.
April 5, 2008 at 6:22 AM #181382ParticipantI agree that Fitch seems to be more ethical than the bigger S&P and Moody’s, but S&P and Moody’s has set the ethical bar low.
I believe it is only a matter of time now before MBIA gets downgraded also by the other credit rating agencies. The pressure on these guys have to be intense not to downgrade MBIA and other insurers. At stake is potentially $10s to 100s Billions in additional writedowns of MBS and related securities by the big banks. I am willing to bet that the government is in quiet discussions with S&P and Moody’s to delay the eventual downgrade. The pressure from their customers has also got to be very intense.
Bubblesitter.
May 13, 2008 at 9:09 PM #203634ParticipantMBIA reported big losses last week, significantly worse than Analysts’ expectations. It is now only a matter of time that the ratings will be downgraded, resulting in additional big writedowns by the big banks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=az2uYHRScTSM
Bubblesitter
May 13, 2008 at 9:09 PM #203684ParticipantMBIA reported big losses last week, significantly worse than Analysts’ expectations. It is now only a matter of time that the ratings will be downgraded, resulting in additional big writedowns by the big banks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=az2uYHRScTSM
Bubblesitter
May 13, 2008 at 9:09 PM #203713ParticipantMBIA reported big losses last week, significantly worse than Analysts’ expectations. It is now only a matter of time that the ratings will be downgraded, resulting in additional big writedowns by the big banks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=az2uYHRScTSM
Bubblesitter
May 13, 2008 at 9:09 PM #203734ParticipantMBIA reported big losses last week, significantly worse than Analysts’ expectations. It is now only a matter of time that the ratings will be downgraded, resulting in additional big writedowns by the big banks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=az2uYHRScTSM
Bubblesitter
May 13, 2008 at 9:09 PM #203769ParticipantMBIA reported big losses last week, significantly worse than Analysts’ expectations. It is now only a matter of time that the ratings will be downgraded, resulting in additional big writedowns by the big banks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=az2uYHRScTSM
Bubblesitter
September 16, 2008 at 5:33 PM #271039ParticipantI was right about the Bailout of Insurers….just got the ones wrong.
THE MOTHER OF ALL INSURERS……AIG!
September 16, 2008 at 5:33 PM #271276ParticipantI was right about the Bailout of Insurers….just got the ones wrong.
THE MOTHER OF ALL INSURERS……AIG!
September 16, 2008 at 5:33 PM #271287ParticipantI was right about the Bailout of Insurers….just got the ones wrong.
THE MOTHER OF ALL INSURERS……AIG!
September 16, 2008 at 5:33 PM #271327ParticipantI was right about the Bailout of Insurers….just got the ones wrong.
THE MOTHER OF ALL INSURERS……AIG!
September 16, 2008 at 5:33 PM #271353ParticipantI was right about the Bailout of Insurers….just got the ones wrong.
THE MOTHER OF ALL INSURERS……AIG!
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