time to back up the truck, page-23

:) agreed bnh (excellent post) i am very aware of the wider audience , but hat tip for the post you clarified a few things for me on the accounting side

hypothetical question

If both MBIA and Ambac went belly up and they proportion of the ANZ monoline counter parties was 60% of the 11.7B (60% is the market share nominated by the RBA for both those companies market share in Aust), then give me a ball park, best and worst case of the "provisions" or adjustment in MTM as you put it? (that bit switched on the light globe for me thanks) , my other contention is the underlying CBO is likely to be significantly impaired , IMO these blended trance CBOs are going to be as much a problem and the blended CDOs.

BTW 'O' stands for my best guess sometimes:) happy to be corrected