Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (78242)	4/23/2008 4:56:05 PM
From: mishedlo	Read Replies (4) of 116555

Ambac expects losses of 81.8% of underlying collateral globaleconomicanalysis.blogspot.com Today's disclosure guarantees one thing: Ambac is not going to get much if any guarantee business. And a guarantee business that does not write guarantees is a business guaranteed to go bankrupt. It's as simple as that. Mish

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