Debt Rattle, February 25 2008

Ilargi: Let's see, the Ambac deal cannot be done today or tomorrow, it will take at least another week. So, the banks call on S&P to please take Ambac off the CreditWatch list for the time being, since they have it hard enough. S&P obliges, for some obscure (green?) reason. Hey, they've messed up so badly, it can't get much worse, what's left to lose? The patient is too weak to be operated upon,