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Today and A/h might have been the mother of all head fakes. Hope some bought the sub 2's

Wisconsin Approves Ambac's Request For Intercompany Facility

Nov 5, 2008 23:14:22 (ET)


DOW JONES NEWSWIRES

Ambac Financial Group Inc. (ABK) received approval Thursday from Wisconsin's insurance watchdog to transfer funds from the company's insurance arm to its financial-services unit after Moody's Investor Service cut Ambac's credit ratings.

"The Wisconsin Office of the Commissioner of Insurance reviewed and approved a request by Ambac Assurance to provide an intercompany facility to support Ambac's financial products," it said in a statement.

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(END) Dow Jones Newswires

November 05, 2008 23:07 ET (04:07 GMT)