john haskell

Our Run-In With Auction Rate Securities - And What It Taught Me About Markets

Fred, you say that the monolines are in financial distress. But MBIA and Ambac management say that it is just a tempest in a teacup, nothing can go wrong...go wrong...go wrong. Is it possible that Bill Ackman is right? Blasphemous to even breathe the thought, I know- but I am starting to wonder.