Billionaire to rescue Ambac

http://www.thisislondon.co.uk/stand...to+rescue+of+crisis-hit+US+insurer/article.do

Stock jumped on the news.
yet another risk for shorting these companies:dumb money. this guy might became a millonarie soon and thats not a good thing

 

He's got more dollars than sense.

 

well, looks like this deal might not be all guaranteed
http://www.ft.com/cms/s/0/7e0745ec-cab3-11dc-a960-000077b07658.html

 

Lets not get carried away he also looked at buying northern Rock and that came to nothing.