bond insurers

Jan 172014
Detroit bankruptcy judge rejects deal with banks

Fox 2 News Headlines: Judge rejects deal with banks By DAVID EGGERT AND ED WHITE Associated Press LANSING, Mich. (AP) – A judge overseeing Detroit’s bankruptcy again rejected a deal Thursday to end a disastrous financial agreement with major banks, dealing a blow to officials who want to put the issue behind them as they […]

Jun 152013
Detroit creditors brace for haircuts, or worse, at meeting to avoid bankruptcy

By Bernie Woodall and Steve Neavling, June 114, 2013 DETROIT (Reuters) – Detroit’s creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city’s emergency manager unveils his restructuring plan. Manager Kevyn Orr has dropped hints that creditors would fare better by compromising […]

Jun 152013

By Tim Reid, June 14, 2013 LOS ANGELES (Reuters) – The judge overseeing the bankruptcy of San Bernardino, California, on Thursday disqualified a law firm from representing a major bond insurer in the case, because she said some of its lawyers had “switched sides.” Federal Bankruptcy Judge Meredith Jury said the law firm of Winston […]

 June 15, 2013  Posted by at 3:26 am Uncategorized Tagged with: , ,  No Responses »
Mar 232013

From “Why These Municipal Bond Insurers Make Good Investments”, by Jeff Uscher, Contributing Writer, Money Morning, March 19, 2013 Municipal bond insurers guarantee the payment of interest and principal to investors if the city, county or state that issued the bond defaults. Just like any insurance policy, the issuer pays a premium to the insurer […]

 March 23, 2013  Posted by at 3:57 am Uncategorized Tagged with: ,  No Responses »