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MBIA requests Fitch withdraw insurance finance ratings 4:37 PM ET, Mar 07, 2008 - 2 minutes ago

ABK CEO was truly hilarious. Talk about trying to put some lipstick on a pig. Its pretty obvious the regulators were not gonna let this dog die. They couldn't do a split because of costs and litigation. So they did the worst deal they could for possibly the minimum needed for AAA. Ugly...

Its just the articles.

They TRIPLED the outstanding shares! 6-9 range until volume subsides.Then probably fade to zero assuming AAA CDO meltdown continues. Ambac Prices $1.16B Public Offering Friday March 7, 7:11 am ET Ambac Financial Group Prices $1.16B Offering of About 171.1M Shares at $6.75 Per Share...

Ugly. So many shares it will be range bound for months best case. Worst case zero on worsening credit crisis. Therefore muni mkt/banks will still be held hostage for forseeable future. Way to go Dinallo! lol Can't wait to see the writedowns for feb/march. Ambac bond insurer raises...

Ambac to Sell Half the Company; Bet May Not Pay Off (Update7) By Christine Richard and Bryan Keogh March 6 (Bloomberg) -- Ambac Financial Group Inc., the bond insurer seeking capital to salvage its AAA credit rating, will sell half the company in a bet some investors said won't pay off...

Well I guess we found out who was selling - UBS dumped 24 billion lol ABX is really unravelling now! Every single index closed @ all time lows. buckle up for tomorrow!

I stopped using it because it indicated news was just released when in fact it was frequently very old news. If this was fixed it would be useful.

I guess mark to market losses are real after all aren't they? who's next to blink?

interesting.

and what other dominos does this event push over? Nasty time to be force selling assets - right at the bottom.

no problem. This will be big news by am no doubt.

Form 8-K for THORNBURG MORTGAGE INC -------------------------------------------------------------------------------- 5-Mar-2008 Triggering Events That Accelerate or Increase a Direct Financial Obligatio Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial...

They are out of bullets. Only hope for them is that bond market/housing mkt turns around before the shorts take them and MBI to zero. We may yet see a government bailout(or forced sellout of muni biz to buffett and co) if/when they get pressured for more capital by the rating agencies.

ha ha garbage as expected. Ambac Financial Group, Inc. Announces Commencement of Simultaneous Common Stock and Equity Unit Offerings Wednesday March 5, 1:30 pm ET NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE:ABK - News) (Ambac) today announced that it has commenced a...

Ambac rescue banks aim to finish deal on Wed-CNBC

Closed @ new lows. 33 weeks and counting.... an ugly week. Looks like capitulation is occuring. Perhaps a near term bounce in order.

try again lol. "maybe" overnight they say now.:D it's got "buy the rumor sell the news" written all over it.

CNBC says maybe ABK financing announced within the hour.

back now. no backfill tho.