Thursday, December 20, 2007

Bond insurers - CDO nightmare continues

I'm not sure whats harder to believe, this announcement by MBIA or the fact the credit rating agencies just reaffirmed their AAA rated standing, albeit with a negative outlook.

heres the link


Bill Ackman has spent enormous time researching the bond guarantors MBIA and Ambac. His research is excellent & below is the link to three of his presentations , including his presentation "Who's holding the bag" from the Ira Sohn conference given in May'07.

Ackman has put his money where his mouth is and is shorting both MBIA & Ambac.

To access the presentations you are required to fill in some brief info which just takes a few moments.


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