Word: bankses
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Could you translate that into your concern for the banks that you insure? We have to get the housing market stabilized, and these loan modifications do need to be done systematically. It's difficult, I'm not going to say it's not difficult. We're seeing this at IndyMac...
After IndyMac failed, you said you didn't think institutions of any significant size were going to fail. To what extent were you wrong and to what extent was that being in a position where you have to smile? I was trying to provide some assurance in making that statement...
How do you moderate sounding the alarm like you did in that speech and telling people that their money is safe? Right now we are getting into a confidence situation where even relatively healthy institutions are subject to liquidity stress just because nobody trusts anybody. I think the best way...
Could you give the average American an idea of what to expect going forward? More banks will fail, but if people are insured they just don't have anything to worry about. It's still a low probability that their bank is going to fail, and even if their bank...
The amount of bad news over the past weeks has been bewildering for many people in the world. Stock markets have plunged, banks have stopped lending to one another, and central bankers and treasury secretaries appear daily on television looking worried. Many economists have warned that we are facing the...