Debt Rattle, February 5 2008

Update 5.30 pmIlargi: The bond industry, all by itself, is looking at $41 billion in write-downs. No wonder Fitch questions whether the $1.5 billion MBIA capital infusion will be sufficient. As we reported, Sean Egan at Egan-Jones Ratings claims that the bond insurers need $30 billion in added capital - EACH.MBIA's AAA Rating Placed Back Under Review by Fitch MBIA Inc.'s AAA bond insurance