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Ambac

JPMorgan Accused of Fraudulently Selling Securities

The Huffington Post | William Alden | Posted 05.25.2011 | Business

JPMorgan Chase is being sued by Allstate insurance company for fraud, in the latest example of a big bank being accused of knowingly selling a poor-qu...

Mortgage Failure: Who Should REALLY Pay?

nytimes.com | FLOYD NORRIS | Posted 05.25.2011 | Business

If nobody does their job right, and disaster ensues, who should pay for the sins of all? That is the predicament now confronting the mortgage industr...

Fight Club: Ackman's Hedge Fund Vs. Wall Street's Ponzi Machine

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

If a corrupt scheme is "making money," everyone involved--from the culprits to the dupes--viciously attacks anyone who tries to expose it. Hedge fund manager Bill Ackman learned this lesson the hard way.

Charlie Gasparino's Glass Jaw and A Woman of No Importance

Janet Tavakoli | Posted 05.25.2011 | Media
Janet Tavakoli

Charles Gasparino may break some Wall Street gossip, but don't look to him for cutting-edge insightful analysis. After-the-fact reporting is not the same as being "ahead" of everyone else.

Treasury Cover-Up of Goldman's Role in AIG Crisis?

Janet Tavakoli | Posted 05.25.2011 | Politics
Janet Tavakoli

Goldman paid mega bonuses in past years subsidized by selling hot air. Now it proposes to again pay billions in bonuses based on earnings made possible by taxpayer dollars.

Ambac Private Stock Sale May Raise $2.5 Billion

CNBC | Charles Gasparino | Posted 05.25.2011 | Business

A consortium of banks is planning to underwrite a private sale of as much as $2.5 billion of Ambac stock to shore up the bond insurer's capital, which...

Ambac Split Avoided in Capital Plan

AP | STEPHEN BERNARD and MICHAEL GORMLEY | Posted 05.25.2011 | Business

NEW YORK — Ambac Financial Group Inc.'s plan to try to sell $1.5 billion in stock in a bid to safeguard its critical "AAA" financial-strength ra...

Ambac Bailout Hits Snag

CNBC | Charles Gasparino | Posted 05.25.2011 | Business

The bailout of troubled bond insurer Ambac has hit a significant snag, after rating agencies demanded more capital from the consortium of banks involv...

MBIA Gets Added Boost From Moody's

TheStreet.com | Laurie Kulikowski | Posted 05.25.2011 | Business

MBIA surged as much as 6% in trading Tuesday after Moody's Investor Services confirmed the financial guarantor's triple-A rating. The action comes a ...

Ailing Ambac To Get $3 Billion Bailout

Bloomberg | Cecile Gutscher, Erik Holm | Posted 05.25.2011 | Business

Ambac Financial Group Inc. rose to the highest in two weeks on investor expectations the bond insurer may be rescued from crippling credit-rating down...