Replies to post #169526 on Traders of the Caribbean

[Traderzz]

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.