Ambac Financial Group files Chap 11
Posted: Mon Nov 08, 2010 5:53 pmhttp://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.