Ambac ABK drops the bomb and plunges AH

treasury wont bailout bank assets that are insured. the insurers will have to pay the claims. I think ambac liquidity will survive, the regulator should allow them upstream more cash

 

I long ABK for 5k shares, should II sell now?

 

I hear there's a ban on downgrades coming. Only upgrades will be allowed

 

Patriot American Rating Agencies Reform Act of 2008

 

The CEO is in Washington today speaking with government officials.

I wonder what they will be discussing...

 

where did you got these news?I cant find it anywhere

 

it might not have been announced yet.

that or it probably wasn't viewed as being too important

 

arent you confusing their talks with their regulator?if they are talking with the fed or treasury they are toast

 

all i know is that they had an all staff meeting scheduled for today, but it was postponed because the CEO had to travel to Washington "for meetings with Government officials."

whether that means the fed or their regulators im not sure.

that is all i know.