BondGuy

Ambac, MBIA Finally Get the Rating They Deserve

Unfortunately, no one cares anymore. The FED has mooted the concept of default-- to say nothing of responsibility, prudence, and fairness.

Memo to MBIA: Now Is Not A Good Time To Fire Fitch

Actually, the grander "truth is stranger than fiction" moment was Spitzer and Danello declaring victory on the Ambac rescue. But this is pretty hilarious, I agree.