Ambac's Announcement is a Joke; Disagreeing with Whitman on Monolines [View article]
I'm just curious why those banks agreed to such a stupid idea while they must be sure Ambac wouldn't keep AAA. My guess is that there would be an intervention by the government to rescue those banks (not Ambac) so that those banks don't need Ambac any more...
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Latest | Highest ratedFinancials Back to Oversold [View article]
"Pick-a-Pay" Defaults Deepen - Housing Tracker [View article]
I think this news is telling something.
He walked away because he didn't want to pay. I'm sure any kind of bailout plan won't work for those kind of people.
Stock Valuations On the Rise [View article]
It looks like there are two possibilities, either P is too high or E is too low.
Then I have a question: If E is enough, why are those banks need capital infusion?
Shorting Citi on Today's Jump [View article]
Learning from Amex [View article]
Ambac's Announcement is a Joke; Disagreeing with Whitman on Monolines [View article]