Feb
22nd
Fri
22nd
Subject: re: fgic break-up
good chat with a reader
Subject: re: fgic break-up.
you call it a good move to split the company in two. how do you think that’s going to get past the policy holders who bought policies based on the strength of the whole company. i don’t see how this doesn’t end up in litigation dead-lock (if it even gets there). the idea takes away any remaining financial foundation for insurance holders on mortgage-backs.
my response
It is going to be lawsuit central.
But the bond insurers don’t…
