Wongs comment is damaging for Rudd. She was one of the few ministers he involved in working up the policy, which has been controversial because of its lack of costing and its long time frame. Resources minister Gary Gray was one of those left out of the loop. Wong contacted The Conversation tonight to clarify her remarks. The Prime Ministers objective is a worthy one and I support the Northern Australia policy, she said.
Polish PM plans to replace Finance Minister Rostowski within months: sources
Policyholders are supported by Nationals financial strength, substantial claims-paying resources and established operating platform as FGIC has been released from all future obligations under the Covered Policies, said Dan McManus, Nationals General Counsel. We expect that Moodys Investors Service will now apply the higher of Nationals rating or the underlying rating to Covered Policies. Copies of the relevant policyholder documentation as well as a complete listing of Nationals insured portfolio, including the FGIC Covered Policies novated to National, can be found on Nationals website at http://www.nationalpfg.com/html/policyHolderDoc.aspx Forward-Looking Statements This release includes statements that are not historical or current facts and are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words believe, anticipate, project, plan, expect, intend, will likely result, looking forward or will continue, and similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, including, among other risks, the possibility that MBIA Inc., which is the ultimate parent company of National Public Finance Guarantee Corporation, or National will experience severe losses due to increased deterioration in its insurance portfolios; significant fluctuations in liquidity and asset values with the global credit markets; MBIA Inc.s or Nationals ability to fully implement their Strategic Plans as outlined in MBIA Inc.s most recent Annual Report on Form 10-K; further changes in the MBIA Inc.s or Nationals credit ratings; and changes in general economic and competitive conditions.
National Public Finance Guarantee Corp. Becomes Primary Insurer on Previously Reinsured FGIC Policies
Earlier in August, the government’s spokesman, Pawel Gras, said there were no indication that Rostowski’s fate in the government would be in danger. But the other two sources, who are not members of the government but are in regular contact with senior policymakers, both said independently Tusk was planning to let Rostowski go within several months. Rostowski has been Poland’s finance minister for six years, making him the country’s longest-standing finance chief since the end of Communism in 1989. He has helped Poland become the European Union’s sole member to avoid recession following the financial crisis. Markets have praised Rostowski, born in Britain to Polish exile parents, for the fiscal discipline he has enforced.