Monolines suck, except for…
AGO and Buffett’s recently created entitiy. There are a few places to go to anymore to insure munis from a true Triple A rated insurer, and those two players are probably going to be the new big boys in the muni bond insurance game.
I never knew about AGO until this morning watching William Ross on CNBC explain the deal. I have to say, AGO recent upped their dividend signalling their health, and a deal of opportunity was coming.
I like it, added it to my focus list and will probably put an initial buy in today.