Ambac CEO....

Quote from ASusilovic:

Ambac CEO: Company has $16.5 bln in claims-paying ability

Ambac CEO: No possibility company could fail to pay a claim


There is no such is thing as "no possibility"
 
What's their total exposure again? Oh yeah, $556B

$16.5B is a drop in the bucket. They will be lucky to survive.
 
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