Bonds
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Ambac Halted, Deal to Split up Monoline Rumored Imminent
Mar 05, 2008Trading in shares of troubled bond guarantor Ambac Financial were halted early Wednesday afternoon for pending news, although no official statement has been released just yet. Numerous news agencies are reporting that Ambac will announce a bailout agreement that will see the monoline split apart its municipal bond business and establish a seperate structured finance unit. From the Associated Press:
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Did S&P Really Stress Test the Monolines?
Feb 27, 2008 -
MBIA, Ambac Rally on S&P Ratings Affirmation
Feb 25, 2008 -
MBIA Exploring Break-Up, Too; Brings Back Former Chief in Effort to Stave Off Ratings Cut
Feb 19, 2008 -
Credit Suisse: Our Traders Don’t Crunch Numbers Very Well
Feb 19, 2008 -
Ambac Wants $2 Billion, May Fight to Save Rating
Feb 19, 2008 -
Ambac Looking at Break Up, Isolation of Mortgage-Related Guaranty Business
Feb 18, 2008 -
Radian: Ouch, to the Tune of $618 Million
Feb 15, 2008 -
FGIC Wants Breakup of Mortgage, Muni Guaranty Business
Feb 15, 2008