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Goodbye Ambac

Tyler Durden's picture




 

Another Cramer casualty

 

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Tue, 11/09/2010 - 10:39 | 711562 Mercury
Mercury's picture

Another zombie down (finally), many more to go...

Tue, 11/09/2010 - 10:41 | 711565 docj
docj's picture

Gonna go get Zombietown from the RedBox tonight to celebrate!

Edit: My bad - I meant ZombieLAND (much funnier).

Tue, 11/09/2010 - 10:41 | 711572 SheepDog-One
SheepDog-One's picture

What a great movie! Get it from Netflix though, they need the revenue to support the 100P/E.

Tue, 11/09/2010 - 10:45 | 711578 Fish Gone Bad
Fish Gone Bad's picture

Amazingly, there are people who did not see this coming.

Tue, 11/09/2010 - 12:34 | 711979 Popo
Popo's picture

But weren't we told in 2008 that the collapse of Ambac would result in chaos, blood in the streets, and martial law?

I'm not hearing any gunfire just yet...

...anyone?

Tue, 11/09/2010 - 12:43 | 712015 NotApplicable
NotApplicable's picture

But that was back before they had the MBS mess "contained."

Today? Why lookie there, here comes the QE2!

God Bless the Queen.

Tue, 11/09/2010 - 14:30 | 712491 Bananamerican
Bananamerican's picture

"I'm not hearing any gunfire just yet..."

the homies are still pouring they 40's on da curb fa ABK...

Respek bitches

Thu, 11/11/2010 - 19:39 | 720660 pyite
pyite's picture

But weren't we told in 2008 that the collapse of Ambac would result in chaos, blood in the streets, and martial law?

It is quite a slow moving train wreck.  It will take time for these bond losses to "trickle down" to the rest of the economy.



Tue, 11/09/2010 - 10:58 | 711617 Cognitive Dissonance
Cognitive Dissonance's picture

What a great movie! Get it from Netflix though, they need the revenue to support the 100P/E.

Why wait for the DVD. You can stream it right now from their web site. Time to crash their servers.......again. :>)

http://movies.netflix.com/WiMovie/Zombieland/70123542?strackid=748b42d9c05593d5_0_srl&strkid=307040845_0_0&trkid=438381#height2082
Tue, 11/09/2010 - 13:00 | 712079 UGrev
UGrev's picture

I'll join in on that ;)

Tue, 11/09/2010 - 10:39 | 711564 vote_libertaria...
vote_libertarian_party's picture

And 2 years ago equities would have crashed 5% on the news.

 

Now it's "put it on the funny money credit card".

Tue, 11/09/2010 - 10:44 | 711577 Slash
Slash's picture

 

"Now it's "put it on the funny money credit card".

 

but alas, tis the 'merican way!

Tue, 11/09/2010 - 10:40 | 711566 Quackking
Quackking's picture

Cramer: what a douche.

Tue, 11/09/2010 - 10:42 | 711573 Mercury
Mercury's picture

but

Ackman: what a stud!

Tue, 11/09/2010 - 11:20 | 711695 Sniper
Sniper's picture

Ackman was long CDSs on MBIA

Tue, 11/09/2010 - 10:41 | 711568 SheepDog-One
SheepDog-One's picture

Farewell Ambac, we hardly knew ye!

Well except for all those asshats at CNBC which proclaimed you perfectly healthy and certified 'recovered'.

 

Tue, 11/09/2010 - 10:45 | 711580 Cognitive Dissonance
Cognitive Dissonance's picture

Farewell Ambac, we hardly knew ye!

That's the problem, we did know them well.

I have no problem waving goodbye to the rotten teeth open sore meth addled whore that Ambac has become.

Tue, 11/09/2010 - 10:48 | 711588 SheepDog-One
SheepDog-One's picture

Not me, I'd never heard of em before Cramer and the babbling b-cup Burnett made Ambac a household name.

Tue, 11/09/2010 - 10:56 | 711610 Cognitive Dissonance
Cognitive Dissonance's picture

Are you sure you're not thinking of Ambien? :>)

http://www.rxlist.com/ambien-drug.htm

http://en.wikipedia.org/wiki/Zolpidem

Tue, 11/09/2010 - 11:32 | 711749 Glass Steagall
Glass Steagall's picture

"the babbling b-cup Burnett"

There's no way that broad is a b-cup. She's built like a 10 y/o boy.

Tue, 11/09/2010 - 10:41 | 711570 risk-reward
risk-reward's picture

We hardly knew 'ya

Tue, 11/09/2010 - 10:44 | 711575 AngryVoter
AngryVoter's picture

Not a single mention on CNBS front page.  Will be interesting to see how many times over the $1.5B in liabilities was over insured. 

Tue, 11/09/2010 - 10:50 | 711593 10044
10044's picture

Coz they only report lies

Tue, 11/09/2010 - 10:44 | 711576 JimboJammer
JimboJammer's picture

one  more  Domino  Falls  

whos  next.... ?

Tue, 11/09/2010 - 10:45 | 711579 sheeple
sheeple's picture

when's MBIA's turn?

Tue, 11/09/2010 - 10:45 | 711582 lolmao500
lolmao500's picture

Next please be Goldman Sachs, JP Morgan, BoA, AIG and Citi.

 

PLEASE PLEASE PLEASE PLEASE.

Tue, 11/09/2010 - 10:46 | 711583 unum mountaineer
unum mountaineer's picture

dynamite goes...

Tue, 11/09/2010 - 10:48 | 711589 High Plains Drifter
High Plains Drifter's picture

Cramer told me to buy on the dips.

Tue, 11/09/2010 - 10:52 | 711602 nedwardkelly
nedwardkelly's picture

Consider this to be one realllllly big dip

Tue, 11/09/2010 - 14:31 | 712497 Bananamerican
Bananamerican's picture

HA

Tue, 11/09/2010 - 10:50 | 711594 kaiserhoff
kaiserhoff's picture

This should be the end of mortgage insurance, and much more.

Tue, 11/09/2010 - 10:53 | 711604 max2205
max2205's picture

I'll miss this pig, I sure make a ton of money trading it..  :(

Tue, 11/09/2010 - 11:28 | 711716 Selenium
Selenium's picture

(deleted)

Tue, 11/09/2010 - 11:52 | 711819 Willzyx
Willzyx's picture

Late last night, I was poking around ABK's Yahoo message board. Posters seemed to feel if trading was halted, there would be a short squeeze.  If the sheep insist on being sheared, I may as well pull up a front row seat

http://messages.finance.yahoo.com/mb/ABK

Tue, 11/09/2010 - 14:35 | 712512 Bananamerican
Bananamerican's picture

there are some regrets...

 

"
Who else paid $14.50 per share like me and my gay friend WNOTZ? We are more than bagholders, we are bung hole buds."

 

Tue, 11/09/2010 - 12:38 | 711993 bania
bania's picture

If a tree falls in CNBC's forest does anybody hear it?

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