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  1. Well.. I’m still going to chill…

    To answer your question Brooklynnative, Monolines provide insurance to multiple forms of Bonds. From MBS, Muni, CDO and Derivatives. If these companies are allow to split they would lose their AAA Rating.

    With out this rating they cannot insure bonds and borrowing cost (Rates) will go to the moon.

    People who buy Bonds would want a higher rate to insure against default. So this is a bad idea and would lead to Unintended Consequences.

    http://en.wikipedia.org/wiki/Unintended_Consequences

    The What

    Someday this war is gonna end…..