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

To: koan who wrote (78242)4/23/2008 1:42:51 PM
From: Jim McMannis  Read Replies (2) | Respond to of 116555
 
I'm heading out now to get some rice before it's too late. g



To: koan who wrote (78242)4/23/2008 4:56:05 PM
From: mishedlo  Read Replies (4) | Respond to 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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