Debt Rattle, January 31 2008

UPDATE 5.00PM Ilargi: The markets may be cheering the rhetoric from MBIA's conference call, raising the stock 10%, but Standard & Poor's doesn't like the drinks served at the party:[Late Thursday, Standard & Poor's Ratings Services placed MBIA ratings on a watch list "with negative implications," which means there is a 50 percent chance the agency will drop the rating at least a notch within the