Speculation about an impending deal to bail Ambac by a few banks sounds a lot like the Buffett proposal a couple of weeks ago.
The Rats (Banks) have been chewing away at the Ship's hull are now working on a deal to bail the sinking ship.
Will the Rats bail or jump?
Can the Rats afford to bail?
Or are they all going down regardless?
more pain to come, page-10
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