What ever happened to Ambac?

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.

 

That story has passed. Gasparino has been on vacation for 1-1/2 weeks.

 

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

 

XL Capital Assurance is already trying to wiggle out of a contract to honor $3.1 billion of guarantees on CDOs with Merrill.