The bond insurer MBIA is the largest, and it is doomed to go bust in dramatic fashion. This event is written in stone. If not the downgrade of its own corporate bond rating, then surely their payouts on failed mortgage bonds will kill them. The former makes recapitalization impossible, while the latter drains them into bankruptcy. As MBIA and its small group of competitors go down in flames, the bank industry will entire utter turmoil of unmistakable terms. Calls will be made for nationalization, as in USGovt takeover of bond insurance. Such calls will join those for the mortgage Resolution Trust Corp. While the self-serving nitwits in Congress argue with the syndicate representatives in the Administration, the national home equity and bank capital will continue to tragically burn. THE NATIONAL RESPONSE WILL BE MONETIZATION OF BANK AND EVENTUALLY HOME EQUITY BANKRUPTCY AND INSOLVENCY. Gold & silver will skyrocket as policy kicks into gear during desperate times. The irony, another black eye to the financial sector, is that MBIA will likely continue to bear a shiny AA or AAA rating, even as it goes bankrupt.