According to this, FBIC is asking regulators for permission to split itself into two businesses. One would be it's muni bond insurance business, and the other would hold all it's other bonds (CDOs). Who wants to buy shares in that second business eh? *crickets*
UPDATE Tuesday Feb 19:
Hmm, well the head of MBIA is stepping down. Oh, and Credit Suisse has decided to fess up to 2.8 Billion in "overvalued assets."
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