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    The WSJ shines a bit more light on what went wrong at AIG today, with a story centering on the chap who designed its risk models, Gary Gorton. In a nutshell, anybody writing credit protection runs two risks: the default risk of the underlying security, on the one hand, and market risk, on the other.
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    A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit
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  3. RBI rejects Ranbaxy application for early payments of loan - Trading Markets (press release)
    RBI rejects Ranbaxy application for early payments of loan Trading Markets (press release), CA - 11 hours ago ... Ranbaxy Laboratories Ltd today said Reserve Bank of India has rejected its application for the early payments of the loan taken through bonds. ...
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  4. 'Hope' adjusts scope of its reach (The Morning Call)
    $300 billion program expects a fraction of eligible homeowners to apply for aid. The government expects only 20,000 troubled borrowers will apply to refinance into more affordable home loans by next fall under a new mortgage aid program passed by lawmakers over the summer.
    www.mcall.com


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