from Bloomberg today - some interesting quotes
-``It's still early days,'' Watsa said in an interview today from his Toronto office. ``This is a very extensive credit problem.''
-``We're just rolling through mortgages right now, but we haven't gone through all the other areas yet,'' such as credit- card debt, commercial real estate loans and automobile lending, Watsa said.
&
-``We have sold most of our monoline insurers,'' Watsa said. ``You figure out risk versus reward, and you might well decide to sell. We've done that with monolines, but the others we're continuing to review.''
here's the link
http://www.bloomberg.com/apps/news?pid=20601082&sid=agn.SVcOi0VM&refer=canada
Disclosure: I own shares of FFH
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