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Traderzz

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Re: Traderzz post# 169526

Thursday, 11/05/2009 5:42:49 PM

Thursday, November 05, 2009 5:42:49 PM

Post# of 188583
Ambac Financial Group Inc. (ABK:US) dropped 20 percent, the most since Aug. 7, to $1.20. The world’s second-largest bond insurer’s bond-insurance unit may be placed into receivership, leaving no value for company’s shareholders, as the minimum surplus it’s required to maintain dwindles, JPMorgan Chase & Co. said in a report today.

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