Wall Street Journal speculates "​Credit Crunch Could Worsen if... Bond Insurers Sink, '​Buck Breaks'". While the "scenarios have, by all accounts, a slim chance of occurring", that doesn'​t stop the Journal from wondering if bond raters all get downgraded and what would happen if money funds lost investors confidence. Thankfully, it'​s pure fiction. WSJ also writes "​Legg Lags in Year to Forget" which describes overblown concerns about SIV exposure and Moody'​s recent downgrade (​see Saturday "​Link of the Day").

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