Thursday, March 13, 2008

Muni bond insurance demand likely to abate-MBIA CEO

NEW YORK, March 13 (Reuters) - More state and city issuers
are likely to forgo bond insurance for a while, but demand will
in time pick up again, said Jay Brown, chief executive at bond
insurer MBIA Inc (MBI.N: Quote, Profile, Research)

When asked how long it might take for demand to pick up,
Brown told Reuters, "If I had that crystal ball, I'd probably
be doing something else for a living."
(Reporting by Dan Wilchins)

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