{"id":197289,"date":"2008-02-15T18:18:00","date_gmt":"2008-02-15T23:18:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/02\/15\/economics-update-insurance-edition\/"},"modified":"2008-02-15T18:18:00","modified_gmt":"2008-02-15T23:18:00","slug":"economics-update-insurance-edition","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/02\/15\/economics-update-insurance-edition\/","title":{"rendered":"Economics Update: Insurance Edition"},"content":{"rendered":"<p>Bond insurer FGIC has <a href=\"http:\/\/money.cnn.com\/2008\/02\/15\/news\/companies\/fgic\/index.htm?postversion=2008021509\">asked regulators to break it up into two separate divisions\/a>, one which insures minicipal bonds, and the other that insures the structured finance deals (aka the big sh$#pile).<\/p>\n<p>This is likely a reflection of their dire position following Moody&#8217;s down grade of them from AAA to A3.<\/p>\n<p>UBS is saying that <\/a><a href=\"http:\/\/bloomberg.com\/apps\/news?pid=20601087&amp;sid=aJtsbIyu6jHY&amp;refer=home\">banks are at risk of an additional $203 billion in losses<\/a> from the bond insurance crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bond insurer FGIC has asked regulators to break it up into two separate divisions\/a>, one which insures minicipal bonds, and the other that insures the structured finance deals (aka the big sh$#pile). This is likely a reflection of their dire position following Moody&#8217;s down grade of them from AAA to A3. UBS is saying that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973,1045,985],"tags":[],"class_list":["post-197289","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy","category-insurance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197289"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=197289"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197289\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}