The markets continue to move lower, so ABK news must be issued! Ambac (ABK) again: CNBC, citing their infamous sources, says there is so much interest in this Ambac deal that it could be as much as $2 billion. They say private equity may still participate and there is a backstop if investors walk away. The backstop is the banks that don’t really want anything to do with this, if I remember correctly. My main take on this added bit of news…..eh, whatever!
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2 Comments
March 6th, 2008 at 1:57 pm
If Gasparino’s prediction comes true today, what is your guess on how ABK and UYG will react?
March 6th, 2008 at 2:03 pm
what prediction?