fuzzywzhe

Odds of Default: Ambac 73% MBIA 71%

Although I accept Ambac should go bankrupt - based on the government's abhorrent pattern of behavior to use tax payer money to save companies from their bad decisions for the supposed common good, I expect they'll do the same stupid thing with Ambac.

I could be wrong, but this government has for the last 3 decades has socialized risk for companies that are deemed "important", and has allowed these companies to privative profits. It's called fascism.

At these levels you may as well dip your toe into the water. They might even get down to a penny stock, and if they do - buy some, what the hell? It's a gamble I admit, but if Ambac returns to just 40, which is their pre mania value, you'll make a hefty profit.