2008-01-31 — blogspot.com
'Do you remember M-LEC, the bank bail-out fund for SIVs that started late last summer and crashed by Christmas? Well, now they are trying out a new bail-out fund except this time it is for bond insurers that insured many of the derivatives related to the mortgage industry. Guess what? They are running into the same type of problems. ' Execellent!
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