GLG News by Council Members Knowledgeable on Mortgage Guaranty Insurance

If a major bond insurer was to lose its triple-A rating the likely outcome is a redistribution of losses rather than incremental losses. In the longer run the impact could even be positive.

Considering the current fall-out in Commercial Lending with the big banks (most of which were deservingly so), such as Wachovia, Chase, and Bank of America, the Credit Union field has such great opportunities to grow their market-share if they just decided to move into the 19th Century, instead of living...

Any company will have difficulty if they lose 90% of their investment portfolio.  I understand that it is difficult to see positive returns right now, however, companies in the insurance business that depend on their investments, as well as other things, to pay claims, should be invesiting in long...

The Economist recently described specific events that would lead one to believe that the U.S. Economy is already in the throws of a recession, yet the nay-sayers (including our illustrious President) state that there is still some signs of life negating this apparent event. I feel that like the 90's,...

Simply, writedowns do not overstate the extent of problems at financial firms.  Yes, ultimately the coming "correction" will be overdone (given human nature, most are), but we just getting started (that is, expect a long, sharp recession) -- so things are going to get much ...

Most people are never going to burn their homes down to collect insurance money.  That said, there will always be a contingent of people in the world that are willing and able to resort to fraud to better their position financially. With the advent of the internet and the ability for someone...

When competition sets price and  conditions in the securities markets produce losses of principal, the only way to raise the gross margin is by reducing operating.

Carriers expect desperate and dishonest acts during hard financial times.

Lesson of monoline debacle: Core issue is concentration of counterparty risk. 

Instead of protecting policyholders, NYS regulators have scrambled to assure availability of bond insurance for benefit of public debt issuers. Core of their strategy was to force shareholders and creditors (the banks) to contribute, one way or another, to the solution.  To do so, they pulled off...