Now I'm not really a huge doom and gloomer, but after seeing this article, it does make me think that the only difference between Ambac and the US gov is that Ambac can't print their own money to buy their own bonds.
Ambac Financial Group files Chap 11
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Ambac Financial Group files Chap 11
by Market Harmony » Mon Nov 08, 2010 5:53 pm
http://finance.yahoo.com/news/Ambac-Fin ... et=&ccode=
Now I'm not really a huge doom and gloomer, but after seeing this article, it does make me think that the only difference between Ambac and the US gov is that Ambac can't print their own money to buy their own bonds.
Now I'm not really a huge doom and gloomer, but after seeing this article, it does make me think that the only difference between Ambac and the US gov is that Ambac can't print their own money to buy their own bonds.
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Re: Ambac Financial Group files Chap 11
by apdigs8 » Tue Nov 09, 2010 2:39 pm
competition is a sin. Just you wait until Warren Buffet has truly monopolized the insurance industry... your rates will be doubling so fast it will make your head spin.
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