Wall Street Manna
An irreverent look at Wall Street
Friday, February 1, 2008
Eight banks working to bail out bond insurers!
Including Wachovia, Barclays, Citigroup, Dresdner, BNP Paribas, RBS, and SocGen are looking to help AmBac (ABK 11.64) and MBIA (MBI 15.50) with capital, and to do it immediately.
So much for Ackman's white papers!
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