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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (75103)	2/22/2008 4:57:45 PM
From: Paul Kern	Respond to of 116555

Free lunch not over for AMBAC -- looks like they will get a taxpayer bailout. Link?????

To: Crimson Ghost who wrote (75103)	2/22/2008 5:05:03 PM
From: KyrosL	Read Replies (1) \| Respond to of 116555

taxpayer bailout I heard bank, not taxpayer, bailout of ABK. The rise in ABK stock is premature, IMO. I suspect the bank consortium will probably end up buying new ABK stock at substantial discount to current value, which will result in huge dilution of current shareholders.