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Strategies & Market Trends : Guidance and Visibility

AAPL 269.96

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3:59 PM EST

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To: ACAN who wrote (169362)	12/19/2007 10:31:03 AM
From: hotlinktuna	Read Replies (1) of 208838

Allan, check ACAH .86 +.55 on this news: Marketwatch - December 19, 2007 6:11 AM ET LONDON (MarketWatch) -- Banks including Merrill Lynch and Bear Stearns are in talks to bail out over-the-counter-listed bond insurer ACA Capital , The New York Times reported, citing two people familiar with the matter. ACA has guaranteed $26 billion in mortgage securities, and the insurer's woes could force the banks to take on billions in losses they had insured against, the report said. Standard & Poor's has warned ACA that it may lose its A rating. It is unclear how much capital it would take to shore up ACA, the report added, and another solution the banks are discussing would relieve ACA of having to post collateral against its insurance contracts if the company is downgraded. I actually traded this in the 20's a couple of years back or so then as ACA....LOL!!! tuna

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