A holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and private sectors around the world.
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Fool UK
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We're seeing a spike in foreclosures. Granted, they didn't insure the worst of subprime, but at some point, they might hit a cash flow problem. When they do, refinancing in a credit crunch could make it a front page story. At best, things don't look good.