OT - CDO insurers.
posted on
Jan 28, 2008 06:42AM
We have seen the collapse of the housing market, jobs, financing and now insurance of financing. The CDO insurers are begining to feel the pinch as in this Sunday Times piece "And now watch out for a new crisis":
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3256300.ece
Another domino falls causing another small crack in the dam that holds the dollar and keeps the PM market back.