Bond insurance
Bond insurance (also known as "financial guaranty insurance") is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security.
ECB's Big Bazooka Would Halt, Not Solve Debt Crisis
Posted by admin / Under Bond Insurance
Hopes that a reluctant European Central Bank will ultimately take up its "bazooka" and agree to massive sovereign bond buying have helped keep the euro zone debt crisis from a full meltdown. But such bold action would only prevent a sudden collapse. Years of managing market expectations and fears would follow, along with long-term painful austerity measures and other reforms to keep countries on the path to fiscal discipline.
Published on Wednesday 8th of February 2012 03:38:01 AM
Even JP Morgan Is Staying Out Of This "Frightening, 10 Sigma" Market
Posted by admin / Under Bond Insurance
A note by JP Morgan released today contains the following gem: "The quite frankly frightening volatility in the Italian bond market this week together with the rapid pace of political developments (nascent new governments in Greece and Italy) confirms not only a new, more extreme phase in the European crisis, one in which the very irrevocability of the euro is now up for discussion, but also the disconnect that now exists with the currency markets. Yes EUR/USD dropped but the worst daily decline was a 3-sigma move compared to the 10 sigma surge in BTP yields Wednesday followed by the...
Published on Wednesday 8th of February 2012 03:38:01 AM
Former Penn State coach (Sandusky) out of jail on $100,000 bond
Posted by admin / Under Bond Insurance
Former Penn State coach out of jail on $100,000 bondUpdated: Nov 07, 2011 11:49 AM EST By Melissa Daigle (CBS/CNN) - A former Penn State football coach is out of jail on $100,000 bond. Police arrested Jerry Sandusky over the weekend for allegedly sexually assaulting eight underage boys over a 15-year period. Head coach Joe Paterno says he was told in 2002 about an alleged inappropriate incident involving Sandusky at a Penn State locker room shower. Paterno alerted the school's athletic director. That athletic director and another school employee stepped down late Sunday night.
Published on Wednesday 8th of February 2012 03:38:01 AM
James Bond Press Conference Confirms ‘Skyfall’ Is Finally Coming, With a New Bond Girl
Posted by admin / Under Bond Insurance
This morning in London, Sony Pictures had a big press conference about the next James Bond movie, the one that has been rumored and delayed and speculated about for months upon years.
Published on Wednesday 8th of February 2012 03:38:01 AM
Social Security benefits vs. Long-Term Treasury Bonds
Posted by admin / Under Bond Insurance
There has been a lot of articles discussing the long-term future of Social Security, and the possible alternatives. In most articles, assertions are made about the actual value of a person's contributions, in comparison to the benefits received. Part of the problem is that most people don't realize that Social Security benefits are not a simple linear calculation. There is a connection between your average wages over your entire career and your benefits, but it's not a straight line. So, I created this graph: The blue line is the Social Security benefit that you would receive, if your average monthly...
Published on Wednesday 8th of February 2012 03:38:01 AM
Sir Roger Moore turns 84 years old today
Posted by admin / Under Bond Insurance
Roger George Moore was born in Stockwell, south London on October 14, 1927, the son of a policeman.
Published on Wednesday 8th of February 2012 03:38:01 AM
'Serial arsonist,' animal rights activist ordered to prison (ALF eco-terrorist)
Posted by admin / Under Bond Insurance
SALT LAKE CITY — There was a lot of contention in federal court Thursday over whether Walter Bond rose to the level of a "serial arsonist." But U.S. District Judge Ted Stewart didn't seem that confused before sentencing the 35-year-old to more than seven years in prison — 12 considering that Stewart ordered the sentence to run consecutive with a five-year sentence handed down for arson in Colorado. "I will be the first to admit that I am a serial arsonist," the judge said, quoting something Bond wrote in February. "He does take pride (in what he's done). The court...
Published on Wednesday 8th of February 2012 03:38:01 AM
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