Memories, pressed between the pages of my mind
Memories, sweetened thru the ages just like wine
Quiet thought come floating down
And settle softly to the ground
Like golden autumn leaves around my feet
I touched them and they burst apart with sweet memories,
Sweet memories
April 04, 2008
Memories, pressed between the pages of my mind
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MBIA Loses AAA Insurer Rating From Fitch Over Capital (Update5)
By Christine Richard
April 4 (Bloomberg) -- Fitch Ratings cut MBIA Inc.'s insurance unit to AA from AAA, saying the bond insurer no longer has enough capital to warrant the top ranking.
MBIA, the world's largest financial guarantor, would need as much as $3.8 billion more in capital to deserve an AAA, New York-based Fitch said today in a report. The outlook is negative, Fitch said.
Fitch issued the new, lower rating even though Armonk, New York-based MBIA asked the ratings company last month to stop assessing its credit worthiness. The two companies disagree over how much capital MBIA needs to absorb losses on the bonds it insures. Moody's Investors Service and Standard & Poor's both affirmed their AAA ratings earlier this year.
Someone had one pint too many at the local pub today.
Hey Keith, prepare the wallet or prepare to move:
Britain's $60,000 Tax Bill Has Middle Class Packing for Dublin
(Bloomberg) -- Francine Stone, born in Pennsylvania, has called Britain home for 25 years. The researcher on Middle Eastern and Islamic affairs says a new tax on foreign-born residents will drive her out.
Prime Minister Gordon Brown, responding to unions and Labour Party lawmakers, is eliminating rules that let foreigners avoid taxes on income from abroad. While the plan will extract the most from millionaires, it may make life in Britain unaffordable for people like Stone who rely on overseas investment income to pay their bills.
Foreigners who have lived in Britain for more than seven years and claim their tax home is elsewhere must declare and pay taxes on their global income beginning April 6. To avoid doing so, they will have to pay a 30,000-pound ($60,000) annual fee.
So-called non-domiciled residents who don't pay the flat fee will be subject to the same tax on income from overseas assets as Britons, adding 700 million pounds to the government's coffers through fiscal year 2010, according to the U.K. Treasury. ``Non- doms'' already contribute about 2.7 percent, or 4 billion pounds, of the U.K.'s annual income tax revenue, the Treasury said.
I think the Ameriquest CEO just died
Oops, disregard the comment about Britain, Keith.
I forgot you're living in that city with the first initial "S" and ends in "E", close to the major city "B". Lots of hot girls there.
"Suzanne researched this!" would have been the cherry on top.
Keith, first of all this was great. Loved the Elvis video, (what a bod! Easy Guys, I'm female). Secondly, Keith, I'm glad you had one pint too many because puppet gone wild was very funny! This blog is not only challenging for my economic instincts but very amusing for the soul too. Enjoying a glass of wine with this and having a good laugh. Thanks!
Too bad the guy in the convenience store wasn't Mozilo.
Orangelo will 'get his' in prison soon.
The big house crew send their regards, Ange. We are keeping a bed warm and a light on for you here in the joint.
Bring money Ange, you'll neeeed it.
http://www.nytimes.com/2008/03/19/business/19arnall.html
Yep, he died recently. The NY Times calls him a "mortgage innovator". hahaha
my old brit grannie would rollover in her.....................maybe.................................
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