On Jan 22, 2008, at 11:33 PM, 3.3.3. wrote:
> Isnt the AMBAC/MBIA/muni bond insurer aspect of the bubble-burst
> significant? I thought that failures here were one of the next "big
> indicators" to look at?
Yes, that's a big deal. If they go bust, things could get ugly. Which is why it's very likely that the Fed would knock heads together to organize some sort of bailout.
Doug