Ambac Posts First Loss as Subprime Bond Prices Drop (Update6)

Story date: 2007-10-24 01:25:00
Added on: 2007-10-24 19:00:48

Bloomberg - ... reported its first quarterly loss after reducing the value of subprime mortgage ... The share price is the lowest since May 2003. CDOs package bonds ... and commodities, or linked to specific events like changes in interest rates ...


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