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Non-Tech : Banks--- Betting on the recovery
WFC 83.69-1.2%9:44 AM EST
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To: Hawkmoon who wrote (496)5/11/2009 2:21:22 PM
From: tejek  Read Replies (1) of 1428
 
Just listened to Ambac's CC (ABK). They stated that up to 90% of all reviewed originated loans (11,000 loans reviewed) they insured violated Reps and Warranties, thus negating their legal liability to pay the claims.

Apparently, the market is liking the CC......ABK is up 20%. I think I will listen to the CC later.
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