Thursday, 5 June 2008

Bill Ackman I salute you

S&P lowered Ambac and MBIA to AA today. They are under review from Moody's. Fitch, only six months late rather than the year or so of the other two agencies, downgraded them in January. Bill Ackman made another big pot of money. And there's a nice opportunity opening in zombie monoline runoff...

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