tag:blogger.com,1999:blog-7982981413278241287.post6077481054041656529..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Ambac Bond DefaultDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7982981413278241287.post-50396695413024022892010-11-01T16:18:07.934-06:002010-11-01T16:18:07.934-06:00Will Ambac be the next major failure that was igno...Will Ambac be the next major failure that was ignored just like the beginning of the subprime debacle? Who knows but this is a big deal. Also of note Kid Dynamite covers the Wilmington Trust sideshow which is important:<br />http://tinyurl.com/347e9blEconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-72069609092062177802010-11-01T15:36:27.222-06:002010-11-01T15:36:27.222-06:00There's a related commentary here:
05/30/2008 ...There's a related commentary here:<br />05/30/2008 - Moody's AMBAC MBIA Junk<br />http://GreatRedDragon.com<br /><br />The same major holders of JPM and GS are also major holders of AMBAC and MBIA. Their inside trading desks trade against their clients. In other words, they lie to their clients in order to steal from them. And they blame their clients for not figuring out that they are being lied-to. As was written back then:<br /><br />"Well, well, well. What we've always suspected is now publicly documented. Insiders get one set of books, the public gets the other "official" set. Ah, the joys of having our country turned into a casino."Edward Ulysses Catehttp://greatreddragon.comnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-31295646814366759212010-11-01T13:34:04.769-06:002010-11-01T13:34:04.769-06:00Can you name these heavyweights and what theyve do...Can you name these heavyweights and what theyve done in the past?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-2851960422051306062010-11-01T12:47:11.427-06:002010-11-01T12:47:11.427-06:00Can't help you there Anonymous. If that's...Can't help you there Anonymous. If that's what you really believe that's your right. If you go to the website and look at the roster of "heavyweights" who have joined the Strategic Advisory Board" and the Board of Directors in the last 6 months, then it means there are some very sophisticated, well-connected mining market professionals who have been "duped" as well. <br /><br />My personal view is still intact and that's that this stock is going to go a lot higher.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-68319932646681738902010-11-01T12:27:02.353-06:002010-11-01T12:27:02.353-06:00I think we've all been duped Vancouver-style o...I think we've all been duped Vancouver-style on<br />The Silver Dragon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-77989548957959720922010-11-01T11:25:59.477-06:002010-11-01T11:25:59.477-06:00Dave,
I didn't write that article. I cited i...Dave,<br /><br />I didn't write that article. I cited it. <br /><br />Personally, I am not sure if it will be "bright." At least, there will be some pain or adjustment in the process.<br /><br />However, the article carries some very important points: various forms of default is always part of the debt solution; and, despite all of the negatives, a financial breakdown also gives a fresh start.<br /><br />JJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-14910146007684623772010-11-01T11:11:50.618-06:002010-11-01T11:11:50.618-06:00I hope you're right JJ. Unfortunately, per hi...I hope you're right JJ. Unfortunately, per history, the political/social chaos that ensues after a financial/economic collapse is not "bright."<br /><br />Maybe this time it will be a unique datapoint in the database of history...but I doubt it...Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-89202088867241158032010-11-01T10:47:27.987-06:002010-11-01T10:47:27.987-06:00"America's Bright Future After U.S. Treas..."America's Bright Future After U.S. Treasury Debt Default"<br />http://wallstreetbear.com/board/view.php?topic=75731&post=263234 <br /><br />JJ from WSBAnonymousnoreply@blogger.com