The Bond Insurer Meltdown
Read the full article: http://briefing.com/GeneralContent/Investor/Active/ArticlePo...
Today, Ambac lost its triple-A rating. This story talks about the implications of a bond insurer failure. This is basically the second shoe to drop.
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The Bloomberg article also
The Bloomberg article also states that "if Berkshire is looking to be part of a solution for one of the guarantors looking for capital, Security Capital or FGIC with their material capital needs are much more likely candidates than MBIA or Ambac.."
I don't think Ajit Jain is going to be talking turkey with Ambac anytime soon...