gph

Ambac, MBIA: Moody's strikes again

Thanks for this. Disouraging re: ABK, but that's reality

Ambac Collapse: Anticlimax of the Week

Thanks for your comments Tom. What do you make of ABK saying,

"Upon a downgrade below the current rating level, Ambac estimates that the GIC asset portfolio is insufficient to cover the projected cumulative collateral requirement and terminations."

Why do you think ABK is not stating their claims paying abilities as you eloquently did?

Thanks again.