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Check out today's chart for BZA
closer
06-04-2008, 12:57 PM | Post #2524661
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Around 1 p.m. EDT, BZA dropped off a cliff. Was this about the time Moody's issued its announcement of possible downgrades of Ambac and MBIA's credit ratings? BZA lost -4.2% (.67 cents) on the day. Think of all the money investors have lost because of the unholy alliance which existed between bond insurers like Ambac and MBIA and credit rating agencies Fitch, Moody's, and S&P.
Topics
alliance
bonds
credit rating
investors
MBIA
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