Is ACA Fine Despite Subprime?

"It’s obviously very early in this process and the possibility of this company going into default is measured by the reaction of the fixed income market so far. It’s obviously much more muted than the reaction in the equity market. The equity market is having a much more heightened reaction than the fixed income market," Stapley said. "I think the explanation is like when you turn on the lights in the kitchen and you’ve seen the one cockroach and now you see there are six or seven more."