Search results

Billionaire Wilbur Ross is weighing the merits of investing in an existing bond insurer OR starting his own firm, the Financial Times reported on Friday.

16:45 ABK AMBAC Fincl: WILBUR ROSS IN TAKEOVER TALKS WITH AMBAC FINANCIAL GROUP INC, according to UK'S EVENING STANDARD - Reuters (11.33 -2.37) WILBUR ROSS TAKEOVER TALKS WITH ABK ARE SERIOUS AND PROGRESSING WELL

and more new lows this week.

here! here!:D

Sounds like this whole bailout idea is a bust according to people quoted in these last 2 articles from the FT. The market will not like this news when it wakes up in the am.

Banks pressed to bail-out bond insurers By Ben White, Aline van Duyn and Francesco Guerrera in New York Published: January 23 2008 20:25 | Last updated: January 24 2008 00:45 Leading US banks are under pressure from New York state’s insurance regulator to provide as much as $15bn to...

George Soros, the billionaire investor, on Wednesday told the Financial Times: “I don’t think it would be feasible for the US government to organise a bail-out of the monolines right now because it would be an open-ended obligation. But I do think the US and European authorities must ensure...

Mass. Subpoena Targets Bond Insurers Wednesday January 23, 6:24 pm ET By Mark Jewell, AP Business Writer Mass. Regulator Subpoenas Municipal Bond Insurers on Mortgage Investments BOSTON (AP) -- Massachusetts' top securities regulator on Wednesday said he issued subpoenas to a...

Well one way or the other we will find out very soon. Because I'm sure the idiots @ S&P and Fitch are getting their downgrades ready for ABK and SCA as we speak. the clock is ticking..........

Yes. I think the gov't HAS to guarantee these capital loans. Otherwise why would bank shareholders go along with it?

The more I think about it, the worse it is. Lets consider for a minute that Dinallo is asking the BANKS for money. Wait? where are all the folks like Wilbur Ross or Buffett?? Does this mean they declined to do a deal with the bond insurers? And if they declined where does that leave the...

SCA Scraps Plan to Raise New Capital Wednesday January 23, 6:03 pm ET SCA Decides to Scrap Plan to Raise New Capital, Raising Chances of a Downgrade NEW YORK (AP) -- Security Capital Assurance Ltd. said Wednesday it has abandoned a plan to raise new capital, a decision that leaves the...

Cramer = "Mr Flip Flop"

"SAN FRANCISCO (MarketWatch) -- Ambac Financial surged 72% and MBIA Incjumped 33% on Wednesday afternoon after the Financial Times reported that New York insurance regulators have asked the bond insurers' major counterparties to pump $15 billion of fresh capital into the struggling industry...

45T is credit default swaps. Perhaps your are refering to all outstanding derivatives notional amount?

Well Wilbur Ross gave us a headline. Now its time to put up or shut up.

You rule Cramer...lol:D

I believe the # is 45 trillion - not 450 trillion.

http://www.wallstrip.com/2008/01/21/1-22-08-wallstrip-interactive-brokers-group-inc-ibkr/ IBKR the ultimate bear market hedge! :cool:

if they get a waiver from creditors that they don't have to post collateral then they may be able to reorganize. A KEY point is that ACA is the ONLY insurer with this type of Forbearance Pact agreement to post collateral "if downgraded" with the banks. So perhaps there is still time for...