Thursday, December 20, 2007

MBIA says it has $30.6 bln exposure to CDOs - Yahoo! News

Daily stories like this is why there is an existential crisis in financial markets, as illustrated by the LIBOR/Treasuries spread.

This story is but one small example of many more to come....

MBIA says it has $30.6 bln exposure to CDOs - Yahoo! News

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