For decades municipal bond insurers prospered: they collected handsome fees for providing coverage that guaranteed to pay principal and interest if municipal issurers failed to pay on a due date. This insurance underwriting job was easy because municipal defaults are rare. Between 1940 and 1990, for instance, only three-tenths of one percent of municipal issuers [...]
Archive for February 2008
Governor Spitzer Compounds the Bond Insurance Mess – By George J. Marlin
February 24, 2008George Elmer Pataki: The Inconsequential Governor – By George J. Marlin
February 17, 2008Three days before the New York presidential primary, The New York Times published an above the fold article titled, “As State Primary Nears, Pataki is Barely Visible.” Rationalizing the former governor’s disappearing act, a Pataki spokesman said, “…I think he is more active with a national outlook rather than a state one.” The real reason [...]
Senator McCain is a Conservative – By George J. Marlin
February 10, 2008A subset of professional conservatives are bellyaching that Senator John McCain is not fit to carry the 2008 Republican presidential banner. One member of that group, Pat Robertson, who endorsed the pro-abortion, pro-gay rights, anti-gun Giuliani, says pro-life McCain is not a true conservative. How ridiculous is that?
Why Giuliani Lost – By George J. Marlin
February 4, 2008This ARTICLE appears on Newsmax.com.
