Thursday, December 20, 2007

Is the Back Finally Breaking??


http://www.businesswire.com/portal/site/home/index.jsp?epi-content=GENERIC&newsId=20071220006121&ndmHsc=v2*A1198155600000*B1198219069000*DgroupByDate*J1*N1000837&newsLang=en&beanID=202776713&viewID=news_view

Concurrent with its related rating announcement earlier today on MBIA Inc. (MBIA) and its financial guaranty subsidiaries, Fitch Ratings has placed 173,022 bond issues (172,860 municipal, 162 non-municipal) insured by MBIA on Rating Watch Negative.

Oh my goodness. Watch out money market funds.

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