Bill Ackman Video Speaking on MBIA, Ambac and Bond Reinsurers

This is really interesting...

Disclosure: None in AMBAC (ABK) or MBIA (MBI)

Comments

[root_thing:]

Excellent! It really gives you a feel for how the credit markets are a big Ponzi scheme, and how banks, bond insurers, and rating agencies, are all participants in a web of lies.

2008 Jan 12 02:47 PM

[BxCap:]

Thanks for the link, and the other link mentioned in the article was:
pershingsquare.valuein.../
and requires registration. It's a must read for MBIA and AMBAC investors.

2008 Jan 12 03:36 PM