11/8/10

would ya look at that?

it appears Ambac, a bond insurance company has recntly filed for bankruptcy. i came across this reading a few news articles online. and according to the new york times "In its Chapter 11 petition, Ambac listed several groups of bondholders — all represented by the Bank of New York Mellon as trustee — as its largest creditors, with a total of $1.6 billion in claims." now thats something to think about, huge companies having to file for bankruptcy
Posted by OC-STEVEN at 6:14 PM

36 comments:

  1. AnonymousNovember 8, 2010 at 6:31 PM

    wow never heard of them, how did they have so much money

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  2. BrandonNovember 8, 2010 at 6:33 PM

    Yeah, kind of crazy

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  3. Suciô SanchezNovember 8, 2010 at 6:41 PM

    I was short these mothers in '07. Damnit I covered.

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  4. WillowNovember 8, 2010 at 8:44 PM

    Seriously, are insurance companies on the whole supposed to file for bankruptcy?

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  5. SweeeeeetasNovember 8, 2010 at 11:05 PM

    Makes you wonder if these big companies fall to their knees, what would happen to the smaller ones? Would there be more opportunities or a similar decline..

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  6. Dr. MesotheliomaNovember 8, 2010 at 11:26 PM

    pretty interesting

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  7. Irwin R SheisterNovember 8, 2010 at 11:53 PM

    wow, it seems like a new company files everyday, and it gets in the news

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  8. Don't Judge MeNovember 8, 2010 at 11:57 PM

    wow, that's very interesting

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  9. VoacarooNovember 9, 2010 at 12:38 AM

    Damn

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  10. SugarNovember 9, 2010 at 6:37 AM

    i like it

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  11. SeionNovember 9, 2010 at 7:07 AM

    Another day, another major company.

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  12. What are you doing here.November 9, 2010 at 9:04 AM

    i feel bad with people insured by them

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  13. Callum WebsterNovember 9, 2010 at 9:10 AM

    Interesting! Love the back ground!

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  14. KTOTHESNovember 9, 2010 at 7:21 PM

    Tssk Tssk they needed better management.

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  15. Million Dollar DreamNovember 9, 2010 at 9:43 PM

    wow, bankruptcy always sucks

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  16. Don't Judge MeNovember 9, 2010 at 9:47 PM

    nice update

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  17. Irwin R SheisterNovember 9, 2010 at 9:51 PM

    thanks for sharing this

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  18. Michael VNovember 10, 2010 at 12:01 AM

    Yep as Seion said, it's common by this time.

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  19. What are you doing here.November 10, 2010 at 9:12 AM

    hope they do well

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  20. EvanNovember 10, 2010 at 12:01 PM

    damn economy....

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  21. HondaXNovember 10, 2010 at 3:10 PM

    good stuff man

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  22. Archivist X0042November 10, 2010 at 3:23 PM

    what damn blatent failures

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  23. AnnoNeuvoNovember 10, 2010 at 4:45 PM

    Huh, that's weird D:

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  24. AnonymousNovember 11, 2010 at 8:10 AM

    That can't be good

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  25. Come At Me BroNovember 11, 2010 at 11:07 AM

    I need insurance!

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  26. LemmiwinksNovember 11, 2010 at 4:51 PM

    Good post! Looking forward to reading you next one

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  27. AnonymousNovember 11, 2010 at 11:42 PM

    yup and everyone associated with that company is now screwed

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  28. What are you doing here.November 12, 2010 at 11:23 AM

    i wonder what'll happen next..

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  29. NarwhalMindedNovember 12, 2010 at 12:13 PM

    Well, darn :(

    ReplyDelete
  30. Light Weight Baby!November 12, 2010 at 4:07 PM

    that's a unique perspective on it

    ReplyDelete
  31. Jimmy VolmerNovember 12, 2010 at 4:12 PM

    nice, I like this

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  32. Nerd LifeNovember 12, 2010 at 4:16 PM

    that's great, I can't wait for more

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  33. Irwin R SheisterNovember 12, 2010 at 4:22 PM

    that's what I'm talking about!

    ReplyDelete
  34. Discerning GentlemanNovember 12, 2010 at 4:26 PM

    that's pretty awesome man

    ReplyDelete
  35. Don't Judge MeNovember 12, 2010 at 4:37 PM

    thanks for sharing this

    ReplyDelete
  36. David DavidsonNovember 12, 2010 at 7:06 PM

    Oh dear... this can't be good...

    ReplyDelete

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