Debt Rattle, February 2 2008

Ilargi: We�ll be hearing a lot about the rescue attempts for the bond insurers, especially the big ones, Ambac and MBIA. A bit of perspective was provided yesterday on CNBC, where Sean Egan of independent rating agency Egan-Jones said none of these �monolines� deserve an AAA rating (though most do have one). His estimate is that it will take over $200 billion of added capital to raise the bond