[NVDave]

For those who don't know what Ambac does, they're a PMI - private mortgage insurer.

About the only way forward for Ambac is if they can either prevail in putting back some mortgages onto the banks or they prevail in their suit against BofA for fraud in mortgage securitization.

[Steely Tom]

Huh. Google turns up two companies named "Ambac."

Here's a little quiz. A little brain teaser. A little light-hearted, frivolous fun for a Monday morning.

Those two companies, both named "Ambac?" Each one's home page has at least one JPEG image. Here's one image from each:

and...

The question is this: Which picture is taken from the webpage of the "Ambac" that's going toes-up? You have five seconds. Go.

[politicket]

ping for later

[montag813]

Jeez, Ambac stock looks like every other stock around Jan 2009. 44 cents? Amazed that Obozo hasn’t bailed them out yet

[george76]

Fraudulent or incompetent bond insurance ?

AMBAC is toast unless they trade campaign cash to 0 and pals for a tax payer funded bailout