EJR hosted a client call on 1.28.08 discussing our view of the monoline credit insurance firms and related parties. Names covered were ACA, AMBAC, BSC, CFC, ETFC, FGIC MBIA, MGIC, RDN and ResCap. Clients and prospective clients already on trial should select "Contact Us" to request the audio file, call notes and presentation materials.
It's very clear: Changes in credit precede changes in common.
Get this right, and forward looking equity and credit prices fall into place. We get it.
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