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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (354361)	1/22/2008 8:46:43 AM
From: ldo79	Respond to of 436258

help on the way.................. Ambac swings to big loss after $5.2 billion writedown By Greg Morcroft, MarketWatch Last update: 8:37 a.m. EST Jan. 22, 2008 NEW YORK (MarketWatch) -- Troubled bond insurer Ambac Financial said Tuesday that its fourth-quarter results swung to a loss of $3.26 billion, or $31.85 a share as the firm wrote off $5.2 billion of credit derivative exposures.