Vegasjoe

Ambac's Announcement is a Joke; Disagreeing with Whitman on Monolines

Whitney is right on; Whitman has lost his marbles, and ought to retire. Buffett is laughing all the way to the bank; and I suppose, so is Wilber Ross, soon, if not now. Banks have little or no capital left to do anything with any risk; Why great value investors would try to resusitate a dead carcus in the desert is beyond me!