recession on us?
recession on us?
Out of context: Reply #15
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- TheBlueOne0
"``The monolines are dead, their business model is dead,'' said David Roche, head of investment consultancy Independent Strategy in London. ``The government is going to have to recapitalize this industry or there will be communities in the U.S. where they can't even flush their toilets'' because they can't afford the services."
http://www.bloomberg.com/apps/ne…
Ah, good times.
- nice to know that tax money will clean up their mess. Maybe a bad time for a rebate cheque?monNom
- i don't really even know what that statement really means.Faction18
- Monolines are the companies that insure debt vehicles. If they can't insure bonds, well..TheBlueOne