tag:blogger.com,1999:blog-4815867514277794362.post8347268355605332335..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: My number 2 blowupJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4815867514277794362.post-37956636272516945292008-11-25T04:27:00.000+11:002008-11-25T04:27:00.000+11:00Don't apologize for being right. Boast for Christ...Don't apologize for being right. Boast for Christ's sake. The people who have destroyed the system and their enablers have, in every way, been boasting from the start. Now they're not only wrong, but they've been proven wrong about everything through time. Because it is not one wrong call that blows up the Western World, but massive fraud and theft over time.<BR/><BR/>So please boast. The few of us who pay attention are boasting too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-6991864353636195882008-11-06T10:59:00.000+11:002008-11-06T10:59:00.000+11:00I do not want to boast about this - because there ...I do not want to boast about this - because there is pain out there. But I managed to sell and make a small profit. <BR/><BR/>I left a big profit on the table as Ambac touched $10.John Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-29211979854109089112008-11-06T10:33:00.000+11:002008-11-06T10:33:00.000+11:00Essentially there are two outcomes here.(a) the Wi...Essentially there are two outcomes here.<BR/><BR/>(a) the Wisconsin insurance commissioner allows Ambac to access insurance company funds to meet the GIGs or <BR/><BR/>(b) the company files bankruptcy and in bankruptcy the GICs get accelerated and the company accesses insurance company funds to meet the GICs. <BR/><BR/>Either outcome results in the insurance company funds being raided. Therefore it is unambiguously in the insurance commissioner's advantage to allow insurance company funds out. <BR/><BR/>But he needs to do it now. Not nice.<BR/><BR/>JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.com