The Money Game Tue 2010-03-09 17:38 EST
Speculators Bid Up AMBAC CDS, As Fears Of A Municipal Default Wave Proliferate
Here's the latest from DebtWire: The CDS market is signaling increased fears that Ambac operating company Ambac Assurance will enter receivership within the year as fear of a municipal bond crisis spreads...
AMBAC CDS; fears; Money game; Municipal Default Wave Proliferate; Speculative bid.