ACA CapitalHere is what they do:1) Wrap Muni bonds at the 'A' level2) Insure HIGHER than AAA bonds of corp, mortgage, etc3) Structure/Manage CDOs======================================Some GAAP related issues with the above:2) When they insure bonds… More
The August 6, 2007 issue of Barrons features ACA in a Jonathan R. Laing article titled “Subprime’s Ultimate Time Bomb?”. While not writing off the company entirely, the article spells out ACA’s exposure to potential default among the more than $15… More