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IPFS News Link • Economy - Economics USA

Will Ambac and MBIA Survive?

11-28-2007 • Mike

JPMorgan estimates that Ambac and MBIA own CDOs that have $29 billion in losses. The working capital of MBIA is $6.96 bln and Ambac $5.65 bln. Ambac and MBIA claim they will raise money through reinsurance but the entire market cap of the companies i

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Reported By Mike Shedlock

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