tag:blogger.com,1999:blog-6798074091942701235.post276270028998730642..comments2024-03-27T11:08:31.557-04:00Comments on Can Turtles Fly?: Ambac dodges a bulletSivaram Vhttp://www.blogger.com/profile/06361276466660862882noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6798074091942701235.post-65352524384165340032008-11-07T15:02:00.000-05:002008-11-07T15:02:00.000-05:00Very helpful comment mr. Anonymous. Care to back i...Very helpful comment mr. Anonymous. Care to back it up with an explanation why?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-49840316053697392922008-11-06T18:14:00.000-05:002008-11-06T18:14:00.000-05:00Ummm, except that they are profoundly insolvent.Ummm, except that they are profoundly insolvent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-64714942660467127712008-11-06T16:50:00.000-05:002008-11-06T16:50:00.000-05:00All GIC contracts will now be fully collateralized...All GIC contracts will now be fully collateralized. No further collateral calls coming, even if Ambac gets downgraded to C (Ambac has the details on the web).<BR/><BR/>Ambac has enough holdco cash to service debt and operating costs deep into 2010. No problems there (see Ambac's site). <BR/><BR/>Now, if only they could have a quarter without massive additional loss reserves things would be great...Anonymousnoreply@blogger.com