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.
Comments (5)
Leave a comment
You can log in with your account or comment as a guest below.
Site of the Day:
http://www.youwalkaway.com
Buffett is riding to the rescue of the bond issuers — not the monoline insurers . . .
Don’t bet against the monolines, you’ll lose your money.
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.
lets go mets… santana to queens!!