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Mortgage Insurer MGIC goes under

Comments

  • david_mcmanusdavid_mcmanus
    They lost me at the second bullet point:

    "Hopes to get aid from U.S. Treasury"

    That's part of their restructuring plan. :x
  • WestSideBillyWestSideBilly
    david_mcmanus wrote:
    They lost me at the second bullet point:

    "Hopes to get aid from U.S. Treasury"

    That's part of their restructuring plan. :x

    That was CIT's plan too.

    If they're not too big to disrupt the entire system (which only covers 5-10 companies) the Treasury won't help them.
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