It’s the new MLEC. And it’s probably not going to work out. Willbur Ross is not about to buy up Ambac. But, hey, everyone can be happy because Warren Buffett is riding to the rescue.
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Posted by Dave Chappelle , Jan 29, 2008 3:07PM
Site of the Day:
http://www.youwalkaway.com
Posted by Barry Ritholtz , Jan 29, 2008 3:10PM
Buffett is riding to the rescue of the bond issuers -- not the monoline insurers . . .
Posted by , Jan 29, 2008 3:12PM
Don't bet against the monolines, you'll lose your money.
Posted by , Jan 29, 2008 3:24PM
Gasparimo is a loose cannon...he'll mention a ML bathroom incident in the same breath as the NY Insurance Regulator asking for no downgrades. Let's not forget the chin flip he game Sue Herrera yday when they mentioned his bday. The guy doesn't grasp the rumors he reports and their significance.
Posted by , Jan 29, 2008 3:28PM
lets go mets... santana to queens!!