Debt Rattle, February 8 2008

Updated 4.30 pm Ilargi: On this Friday afternoon, we can confidently state that the game is over for the bond insurers. Three articles below tell us why. This line in particular is important in what goes on: ... the banks [..] get to unwind their [..] credit default swaps even though the documentation in them clearly says that can't be done without the consent of the insurerWhy does a bank spend