trendsrus

Ambac Collapse: Anticlimax of the Week

Mike,

You miss the big picture. IF what ABK insusre is worth less THEN the companies that hold such paper have big problems AND even bigger problems IF ABK goes down the tubes.

The "flawed business model" is self correcting as should be self-evident by the simple fact that Mood'ys raised the ratings they now may lower again. AND then we will see the companies that hold such paper make deals again effectively once again prompting Moody's to raise the ratings.

It should be self-evident that the only "flawed business model" is the one of Moody's who is an irrelevant bystander practicing voodoo rating and attempting to vicariously run the business' of others. Moody's is a day late and a dollar short and should be put out of business AS thier only a necessary evil -a leech imposed by Government that serve no purpose and add no value...