A good read.
This joke of a yahoo board won't post the link so you'll have to go to
Thomson Reuters News & Insight or google Syncora news.
This decision is what rocketed all the other bond insurers today.
For the record, these new yahoo message boards suck.
Thank you very much for the notice on the article by Alison Frankel. She has been reporting on the proceedings of the banks and monolines for a couple of years, and I don't think she hides her feelings about her dislike for the banks! I really believe at some point SYCRF and MBI are going to be back in real business by the end of this year. We have been saying that forever, but if you have been invested in these companies all of this time it would be very easy to give up and go elsewhere, but articles like this keep the mojo going! GLTA.................Hose