More pain to come … (part 4)
Bondinsurers … the neverending story … we all seem to know the outcome 
Here 2 things from today … trying to tip the scale … whatever Mr Paulson and Mr Bernanke will say 
1. Moody’s Cuts CIFG Ratings to Junk …
reflecting the “high likelihood” that it will fall below minimum capital requirements in New York and Bermuda.
2. MORE IMPORTANT !!!
Today’s FT has an article about a Moody’s BUG in a computer system, which gave INCORRECT AAA RATINGS
Whoever believes it … I thought it were just the money 
Please read here below:
Copyright by www.ft.com
Tags: bond insurers, Moody's
