Debt Rattle, January 26 2008

Ilargi: Bill Ackman makes abundantly, transparently and very painfully clear what is wrong with the ratings agencies� assessments of the bond insurers. We recommend you read his entire letter. It more than validates what I wrote earlier this week, in view of high-level attempts to bail out the monolines:� Me, I�m more fantasizing about the level of pressure put on the ratings agencies to NOT