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Ishortyou's
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Looks like AMBAC and MBIA need to clean up their books from those CDS-CDO-RMBS-ABS-SIV to improve their values. Rating agencies made it clear that they dont care how much money they have to pay their obligations but how much 'exposure' they have to those finantial instruments. Getting get rid off of those instruments is a must and it has to be done by whatever means necessary, after this remediation period no doubt that they will be back in business again.
Jul 28 06:16 am
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All Comments by Ishortyou »Evaluating Ambac: Intrinsic Value Withstanding Market Volatility [View article]