Wednesday, February 20, 2008

Ambac's scathing response to Ackman

It can be found here. How ridiculous is it that a shortseller, who won't disclose in shares, or in swaps, the extent of his short position (except that we know he will make billions for his company if he is successful) has put himself in a position to attempt to advise the insurance commissioner of NY?
http://www.ambac.com/pdfs/BondInsurerTransparency_OpenSourceResearch.pdf

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