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``The most significant fact is that they're raising the amount of capital from what they previously announced,'' Wilbur Ross, an investor in distressed companies, said in an interview with Bloomberg TV. ``I would be astonished if they hadn't consulted with the rating agencies before they made...

ross cmments?

it shows ppl are willing to believe the company is viable.

MBIA to Issue $750 Million in Common Stock Wednesday February 6, 4:21 pm ET ARMONK, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI - News) today announced that it will issue approximately 50.3 million shares of its common stock to raise $750 million in an underwritten registered offering...

Goldman's Viniar Says Fear Rules in Credit Markets (Update1) By Christine Harper Feb. 6 (Bloomberg) -- U.S. credit markets are trading as if the economy is in a recession because investors' ``fear has overwhelmed greed,'' Goldman Sachs Group Inc. Chief Financial Officer David Viniar said...

XL Loses $1.1 Billion on Stake in Bond Insurer Security Capital By Josh P. Hamilton Feb. 5 (Bloomberg) -- XL Capital Ltd., the Bermuda-based business insurer, said it lost $1.06 billon in the fourth quarter as it wrote down the value of investments including a stake in bond insurer...

FITCH PLACES MBIA'S AAA IFS RATING ON WATCH NEGATIVE

Did you listen to Ross? Doesn't sound to positive or concrete. I think these big boys don't understand how little time they have. Trying to talk up the market is fine when markets are oversold. But frankly I think it's to late to do anything now. The problem is just too big to deal with in...

Wilbur Ross on Squawk in am should be interesting.

Hey I didnt' say it made sense;) Who can make sense of any of this besides these bogus rating agencies!

They have to do something that keeps ABK's rating @ AAA. So if they only reinsure the munis and the rating agencies give ABK a AAA rating it should be a positive for the stock. I dont so how they could only reinsure the munis and live with ABK getting downgraded. Doesn't make sense. There's a...

Yup. Which means the banks have to totally right the ship to make it worthwhile. Otherwise we may go to run off which abk shareholders seem willing to risk.

Well they already said the deal is going in front of the rating agencies before its done. So that point is moot. ABK is sitting pretty here as far as I can tell, with their "feel free to downgrade us" attitude. The banks on the other hand are looking pretty exposed with potential writedowns...

Piper Jaffray (nyse: PJC - news - people ) analyst Michael Grasher said it was smart for the banks to come in. “We don’t know the terms and conditions,” Grasher said, “but ... it makes a lot of sense for them to come into the process and take a position in Ambac.” Grasher added...

"A spokesman for Ambac declined to comment, but people briefed on the talks said Ambac’s management is involved in the negotiations. The group is planning to reach a deal in “days, rather than months,” one person involved in the talks said. Once the parties have reached a deal they will...

Well maybe they get something off the ground this weekend. Would be good timing with shorts on their heels. Dinallo's Rescue Plan Focuses on Ambac, People Say By Erik Holm Feb. 1 (Bloomberg) -- New York Insurance Superintendent Eric Dinallo is trying to organize a bank-led rescue of...

``We are aware that the New York State insurance commissioner is trying to attract capital and we'll take that into account to the extent that capital is being raised,'' Ted Collins, the group managing director for global insurance at Moody's said on the conference call. ``Our approach that...

Moody's to Complete Review of Bond Insurers By Late February By Mark Pittman Feb. 1 (Bloomberg) -- Moody's Investors Service said it will complete its reassessment of the bond insurance industry by mid- to late February and may downgrade some companies before then if they can't raise...

Well know we now who's holding the big losses. Eight banks seek rescue plan for bond insurers: CNBC Fri Feb 1, 2008 8:30am EST Email | Print | Share| Reprints | Ambac and MBIA shares rise on CNBC report NEW YORK (Reuters) - Eight banks have formed a consortium to seek a rescue...

The more you read the more you realize how far away a solution is. MBIA CFO questions one bailout idea 'Good bank/bad bank' plan is tricky; other ideas discussed with regulators By Alistair Barr, MarketWatch Last update: 7:14 p.m. EST Jan. 31 SAN FRANCISCO (MarketWatch) -- A...