2008-03-05 — blogspot.com
Mish: "Let me get this straight: "A six-month suspension of the structured finance business, will strengthen Ambac's capital base."
Wow. Why not further strengthen the base by suspending business for a year? How about forever? At any rate I am extremely relieved that suspending business was all part of the master plan. Otherwise, I just may have been worried about this: Ambac said it has written only "a limited amount" of business since November and almost "no new business thus far in 2008.""
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