Serge Birbrair

The AMBAC Bailout Plan is Really About Banks Saving Their Own AAAsses

I'm sure we'll rally the next two days, but than what? I don't see how 2-4 billions dollars infusion saves 500 billion insured assets industry.
Also, as soon problem of confidence is over, and I have no doubts that 4 billions will save us all and the Wall Street and even whales, I see Fed raising rates to curb inflation and THAN what?