What ever happened to Ambac?

Discussion in 'Stocks' started by Aaron Copland, Mar 26, 2008.

  1. Here we are back down to $ 6.38. No more hype. guess not now that the fed is propping up investment banks with tax payer dollars.
  2. That story has passed. Gasparino has been on vacation for 1-1/2 weeks.
  3. Daal


    expect these companies to go back to the headlines when their portfolios start to blow up. a recession and a awful housing market should make their loss stimates go up(from the current $1b estimate on a $130b structured finance exposure for mbi), when that happens the rating agencies will have to take another look at them
  4. XL Capital Assurance is already trying to wiggle out of a contract to honor $3.1 billion of guarantees on CDOs with Merrill.