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Trading > Calculated Risk

Counterparty Risk: The Mortgage Insurers

Calculated Risk... | Tue, 11/10/2009 - 2:35pm |  4 comments

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From the Ambac 10-Q : While management believes that Ambac will have sufficient liquidity to satisfy its needs through the second quarter of 2011, no guarantee can be given that it will be able to pay all of its operating expenses and debt service obligations thereafter, including maturing princip
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