Custom Search

Wednesday, January 23, 2008

MBIA, Ambac: Big Bailout Rumours

Heads up. The rumours of a massive monoline bailout are now gaining wide spread acceptance...

MBIA, Ambac Likely to Get Bailout, UniCredit Says (Update1): "MBIA Inc. and Ambac Financial Group Inc., the biggest bond insurers, are likely to be bailed out to avert worsening credit-market turmoil, according to analysts at UniCredit SpA."

Also, on Calculated Risk:

A CounterPartyParty: "Big banks and brokers that are counterparties to struggling bond insurers met with regulators in New York on Wednesday ... The counterparties to Ambac Financial and other bond insurers such as ACA Capital met with the New York Insurance Department, spokesman David Neustadt said in a statement. He declined to say what options were specifically discussed ..."

Should a bailout indeed be announced, expect an explosive short covering rally in all equity indices. I'm talking about a MASSIVE rally. An announcement of this nature would probably take place after the close.


eda said...


Sneakers hobbies said...

nice post!!
We have
tennis rackets
babolat tennis rackets
wilson tennis racquets
tennis racquets
wilson tennis racket
cheap babolat tennis racquets
cheap tennis racquets
with excellent quality!!Welcome to our store.

2011bagnews said...

You can come across the necessity of keeping clear of a glare even though driving, Oakley sunglass outlet or golfing over a sunny day. qhcxy0bdh The price you invest upon them is useful, oakley sunglasses on sale for certain but you can the highest worth of cash since the Oakley sunglasses, oakley radar lenses can accentuate our most effective features, while becoming amazing and useful at precisely the same time. Oakley sunglasses designers are making new appears specifically for you, oakley gascan polarized sunglasses appears which are equally trendy and chic even though durable and sports activities ready. While this may include medical terms, oakley jawbone lenses the bottom collection is the actuality that whenever you put on Oakley sunglasses, oakley m frame sunglasses including those people searching for angling or baseball Oakley sunglasses, oakley oil rig polarized sunglasses are produced to final as they are rugged and incredibly durable. People who devote plenty of time outside and athletes realize that since belonging to the rigid screening these oakley frogskin sunglasses go via they would be the only kinds to rely on. Check out the styles of all of the important lines of oakley xs O frame snow goggles . don't overlook to pack your oakley flak jacket polarized sunglasses.