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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (8616)	1/23/2008 11:23:42 PM
From: Mark Adams	Respond to of 33421

seekingalpha.com Fitch Downgrades Ambac to Double-A Insurer Abandons Plan to Raise Capital Posted 01/22/08 Market sources also said that the short-term floating rate market was also responded very poorly. “The floating rate market is having a full blown meltdown right now,” one market analyst said. “There is over $200 billion floating rate, puttable bonds that are insured by companies other then FSA and the money funds are dumping them off.” bondbuyer.com