http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3248731.ece
America's biggest mortgage bond insurers collectively need a $200 billion (£101 billion) capital injection if they are to maintain their key AAA credit ratings, a figure that dwarfs a plan by New York regulators to put together a capital infusion of up to $15 billion, a leading ratings expert said yesterday.
http://www.cnbc.com/id/15840232?video=628365512&play=1
Sean Egan of Egan-Jones Ratings Co. talks about the $200 billion number in the video above.
This news combined with the thought the Fed may not cut as much after they were duped and the fact that we had a 6% monstrous rally in the S&P from bottom to top is sending the markets lower.
Like I said, I still don't see how equity holders in these companies get anything back.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment