The current credit "crunch" continued to take its toll on Wall Street as the nation's leading bond insurer indicated it has loss exposure larger than its net worth.
The stock of this company plunged.
With the insurance companies that insure bonds revealing their risk, the question has been clear: What does "investment grade bonds" mean? What is your pension fund investing in?
You make the call.
Click on the post for the full story.
Thursday, December 20, 2007
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