corellian98

What Should Ambac's Connie Lee Be Rated?

Buffet's bond insurer got a AAA rating.....within days, even with the Moody's conflict of interest, so I am not too worried here. Do you even know what the requirements are for a AAA rating? I surely don't, but I am confident ABK has spent some time figuring it all out :)

Your comments seem weak at best.....and you lose credit when you say Connie Lee is small.

You also lose credit when you question indirectly the amount of bond insurance business there is out there to be had. Do you think Buffet got into the bond insurance business to be nice...no, he did it because there is a huge amount of business tobe had....and it is highly profitable.

SeekingAlpha should not allow bloggers to post without full disclosure. I am long ABK, ETFC, ESLR, CSUN, AKNS, FRE, ALU