tag:blogger.com,1999:blog-2335748440449035592.post2496226210192322211..comments2008-09-21T22:30:53.380-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-55799742983732618442008-09-21T22:30:00.000-04:002008-09-21T22:30:00.000-04:00Uhh, I never understood why Ambak or MBIA rallied. They should be out of business. If not for the fact that IF their AAA rating was gone it would of caused a cascading problem throughout the system they would be gone. But the fraud, I mean, free market kept their AAA rating even though when they issue debt its at junk bond rates.<BR/><BR/>I guess now that the taxpayer can take over all the bad debt we can let them go away.<BR/><BR/>I believe anyone who needs to roll over paper and/or has large debt is now a target in this market.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-31701849568197597412008-09-19T18:06:00.000-04:002008-09-19T18:06:00.000-04:00Did you see ABK? Down 42% because moody's may downgrade. Not really any new news. That drop without short selling. Just shows this market is still very dangerous.minaccesshttp://www.blogger.com/profile/00855929558350004653noreply@blogger.com