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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 (78314)4/24/2008 11:56:04 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Nothing Left To Lose At Ambac
globaleconomicanalysis.blogspot.com
Ambac could have raised money at $40, $30, or $20 far easier than it can raise money at $3.76. Ambac is down a mer 96% in less than a year. What does it have to lose now by saying it will not raise capital? There is quite literally nothing left for Ambac to lose.

That begs the question: Is there is any credibility left to lose with Dick Smith, Managing Director, at the S&P either?
Mish


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