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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
Prices suggest traders anticipate defaults rising to the highest levels since the Great Depression, according to analysts at RBS Greenwhich Capitol in Greenwhich, Connecticut .
Port St. Lucie police seized 420 pounds of marijuana and 400 marijuana plants during an 18 home grow house raid in St. Lucie County Tuesday morning.
The Mountain View-based company initially hopes to harvest cleaner-burning electricity to meet its own needs and sell power to other users or license the technology that emerges from its initiative
Thus, 21% of all mortgage holders--holding about $3 trillion in aggregate mortgage debt--would be put into a negative-equity position if home prices fell by 15%.
How corporate giants exploit developing nations through direct foreign investment.
The Tale Of Two Alleged Predators Posing As Prosecutors Last October Assistant Federal Prosecutor John Atkinson killed himself after he was caught in a child sex sting.
At long last, prize-winning AP photographer Bilal Hussein may get his day in court. The trouble is, justice won't be blind in this case -- his lawyer will be. We believe Bilal's crime was taking photographs the U.S. government did not want it
What Role Do Psychologists Play? Just over a week ago, a major operating manual for the US military's prison camp at Guantanamo Bay was leaked and posted on the internet.
Federal prosecutors have withdrawn a subpoena seeking the identities of thousands of people who bought used books through online retailer Amazon.com. The withdrawal came after a judge ruled the customers have a First Amendment right to keep their rea
Police have lost red-light cameras to traffic accidents but never to gun play. "This is the first one that's been shot," Capt. Gordon Catlett said of the wounded camera at the intersection of Broadway Avenue and Interstate 640 - one of
Mice resistant to cancer have been created in a breakthrough that could lead to a human treatment free of side-effects. A protein produced by the creatures may hold the key to a future therapy. It attacks tumour cells, but does not harm healthy tissu
Texas oilman Oscar Wyatt was sentenced to one year and one day in prison on Tuesday for conspiracy in the U.N. oil-for-food scandal, becoming the most prominent figure jailed over corruption in the program to buy oil from Saddam Hussein's Iraq.
Rising foreclosures will lead to billions of dollars in lost economic activity next year in the nation's major metropolitan areas, but homeowners and financial institutions have the ability to work together to contain the effects, according to a
[bribe now for a bailout tomorrow] Big business is shoveling more money than ever into U.S. political campaigns, with Wall Street donations way up. [Is this what they mean by hedgefund?]
The return Sunday of former Prime Minister Nawaz Sharif, who ended eight years of exile just one day before the deadline to register for parliamentary elections, adds a powerful wild card that could bring either political stability or continued disco
The families of the disappeared say their loved ones deserve their day in court. "The government says they are terrorists: OK, prove it," says lawyer Khan. "Pakistan's involvement in the U.S.-led 'war on terror' has been ch
The state of New Jersey has a question for motorists stopped on suspicion of drunken driving: Where did you have your last drink? Police must send the answers to state investigators looking for bars and restaurants where libations flow too freely
Offenders included low and high-ranking officers. Habersham County Sheriff's Deputy Freddie Chapman had four alcohol-related arrests and three DUIs while on the force. He was only convicted on the third DUI after pleading no contest in court.
Sen. Chris Dodd's question for the elderly white male banjo and kazoo review.
llegal Latino immigrants do not cause a drag on the U.S. health care system as some critics have contended and in fact get less care than Latinos in the country legally, researchers said. Such immigrants tend not to have a regular doctor or other hea
Democratic front-runner Hillary Clinton trails five top Republican presidential contenders in general election match-ups, a drop in support from this summer. Clinton's top Democratic rivals, Barack Obama and John Edwards, still lead Republicans i
U.S. customs officers did not violate the constitutional rights of five Muslim U.S. citizens returning from Canada who were detained and subjected to searches usually reserved for suspected terrorists, a court ruled. The searches did not invade priva
President Bush signed a deal setting the foundation for a potential long-term U.S. troop presence in Iraq, with details to be negotiated over matters that have defined the war debate at home - how many U.S. forces will stay in the country, and for ho
Washington, D.C., has the highest rate of AIDS in the United States, and more babies are born with the AIDS virus in Washington than in other U.S. cities. People living in Washington are not getting tested for HIV and show up with advanced infections
"What it does is allow students to have an extra pair or group of people watching over them when they're going from one location to another," Montclair Police Department Chief Paul Cell said.
No introduction will do this justice. Seriously.
Many Christian conservatives see Mike Huckabee as the best candidate to deliver the GOP from an impending pro-abortion presidential nomination of either Rudy Giuliani or Mitt Romney. Is Mike Huckabee worthy of this support, however? The facts say no.
The US looks so wounded, that tomorrow's economic superpowers are now "dollar divesting" - despite the fact that doing so will further weaken the currency, undermining their reserve values even more.
CNBC described the layoffs as "massive" and said they would not be restricted to fixed income and mortgage divisions.
