Monoline Downgrades Could Lead To $40 Bln In Losses

31 Jan 2008

Downgrades to major bond insurers could lead to an additional $40 billion in losses, according to Meredith Whitney, an analyst at Oppenheimer, reports The Wall Street Journal. Merrill Lynch, Citigroup and UBS would take most of the losses, according to Whitney. “While we had previously believed the monoline ...

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