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Wednesday, January 23, 2008. Of a bailout of bond insurers. And that gives me an idea. For those just tuning in, during the housing bubble a lot of financial institutions issued arcane, risky securities - especially mortgage-backed securities and the CDOs derived from them - and then cleverly sold them to large investors who had no idea what they were buying. 8211; reputed to be the keenest analysts of credit risk in the business! So people are talking bailout.