Ambac Collapse: Anticlimax of the Week [View article]
I am sorry but these guys got lambasted by fitch back in march/april. At the time I thought it was unfair henpecking by fitch all the while s&p and moody's kept their stamp of approval. Fast forward to now, it appears fitch could see the writing on the wall and the other two agencies were being pandering gladhanders.
Ambac Collapse: Anticlimax of the Week [View article]