Scrutinizer

Will TARP Cover Both Ambac and MBIA?

That's how I understand it.. Which is why I've been so bullish on the Monolines, and especially those exposed to the CDO/MBS markets.

The Banks have to obtain the voting rights to sell them off.

So the logic should follow that they need to either settle with the Monolines, or find a way to buy their CDS's out and have total control over the process.

I hope Tom can address this, either in a future article, or as an additional comment here.