Goldman CFO sees not all bond insurer woes solved
NEW YORK, Feb 6 (Reuters) - Goldman Sachs Group Inc (GS.N) Chief Financial Officer David Viniar on Wednesday said efforts by Wall Street to rescue bond insurers hard-hit by the mortgage crisis could probably help solve some, but not all, of the industry's problems.
Speaking at an investor conference, Viniar said some bond insurer businesses are healthy, yet the large number of insurers and the diversity of their businesses mean a rescue will be more challenging than the bailout of hedge fund Long Term Capital Management a decade ago.
Viniar added he expects some transactions may take place in the next few weeks or months. (Reporting by Joseph A. Giannone, editing by Gerald E. McCormick)
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