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Municipal bond woes could miss Pittsburgh
tsburgh Post-Gazette - Insurance and credit could become more scarce if the crisis manages to fully sink one or more of the bond insurers. Could that happen? "There are definitely analysts out there who think there are going be big defaults, and think that the insurers will.
US CREDIT-Ambac, MBIA may survive Fitch ratings cut
ters - In the meantime, credit investors are clearly worried. The cost to protect MBIA Insurance's bonds from default rose 10 basis points on Friday to a record 380 basis points, meaning it costs $380,000 annually for every $10 million of debt insured. Ambac.
Cities' services might be cut further to cover retirees' insurance (Sun-Sentinel)
vices may be cut further to cover retirees' insurance As cities warn that state-ordered tax cuts could lead to padlocked parks and unrepaired roads, a new and seemingly innocuous set of accounting rules could make things even worse.
Easy ways to make your debts disappear - Independent
nt style="font-size:85%;font-family:arial,sans-serif">Easy ways to make your debts disappearIndependent, UK - 8 hours agoOpting for the insurance would cost you an extra £58 a month. "All kinds of people who have less than a whiter than white credit history are being turned.
'Financial reforms lead to poor access to credit for poor' (Press Trust of India)
Delhi, Jan 6 (PTI) Vindicating the stand by political opponents to reforms in India's banking, insurance and pension sectors, two World Bank economists have said financial services' liberalisation has led to difficulties for poor and rural areas to access credit.
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