Ambac (ABK) is next bond insurer to look at break-up

What has happened to OGMCX? I don't understand how the price of gold can change(up) and nothing happens- but if it goes down--OGMCX went down- and has stayed down. Are other investors curious about Oppenheimer--too?

I have a hard time understanding the fairness in a breakup such as what was mentioned in your article. It seems the benefit of a diversified insurer is that the multiple lines of business create stability for each category of liability. Those who invested in riskier mortgage debt securities insured by Ambac would most certainly object to a breakup of Ambac which would lead to the company reserving some capital for insuring municipal bonds instead of using that capital to meet obligations related to the mortgage securities. While I understand the frustration of municipal entities who now face higher borrowing costs because of the likely default of the insurers, it does not appear fair to further punish mortgage security holders by carving out part of Ambac's capital that would otherwise have been available to at least partially cover those obligations.

The words fair, moral and safe should never be used in the world of business. Business is all about making money, its risky and there is always the chance things will break. Human nature makes us greedy, we are all to willing to take as much as we can get been shareholders, and often don’t care who it harms in the process as long as the botton line looks good for us, Ambac is no exception, but we all know there is risk, and this time someone has to loose. Ambac is like a living animal, its now got to fight to protect itself, part of that will most likely be to offload the risk, for those who will loose, remember those words, fair, moral, safe, there is no such thing, you were willing to take and make of others, now your own greed will come back to bit you.