Any nuggets in that thing....looks like the same old story to me......only time will tell. Lets stop with Moody's and the ratings talk. Comeback to reality, just throw a couple grand at this thing and check back in a year. Probably be the same old crew here dreaming big....and waiting
Yup...same old stuff. The interesting part is the policy holders surplus of half a billion for SGI. Yes....half a billion. We all know where it cames from but it's still half a billion. If there are a few things that go in Syncora's favor....this may just work out. Look, we know they are in the insurance business. Sometimes things work out and sometimes they don't. They insure risk, there is money to be made if you choose your clients wisely. To actually have made it this far and with potential liabilities disappearing with court judgments......what the hell....it's worth a few bucks just for the potential payout.