SmartMoney writes "​Bond Insurer Downgrades Carry Far-​Flung Ramifications". It quotes our Peter Crane, "The likelihood is very thin that there will be any credit or liquidity issues [​because of the insurer downgrades], but it certainly is a headache for fund managers." The article adds, "​Money-​market-​fund investors are unlikely to get hurt -- the funds aren'​t in danger of '​breaking the buck,' according to Crane -- but the same cannot be said for the bond issuers themselves." It adds, "The states and municipalities are going to bear the brunt of this problem," Crane says. See also, Board IQ writes "​Latest Subprime Twist for Funds: Downgrades of Bond Insurers".

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive