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I only hope that when the data is analyzed…

… a strength can be found. Or at least, that’s FGIC’s only hope. Moody’s placed the erstwhile GE subsidiary on negative watch late on Friday. When I first started my career, FGIC had the reputation for being the most conservative of the major insurers. Now they are the one in the most trouble. Moody’s also put XLCA (subsidiary of SCA) on negative watch as well. Both will need to raise capital over the next couple months if they want to keep their gilt-edged rating….
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15 December, 2007| Economy | Comments (0) @ 22:24

Nuclear Option : Dump Basel II

I have been saying this for about 10 years, world is catching up…
The Government must suspend a set of key banking regulations at the heart of the current financial crisis or risk seeing the economy spiral towards a future that could “make 1929 look like a walk in the park”, one of Britain’s leading economists has warned.
In C…
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