You Should Worry About Ambac - Forbes.com

Global warming, bird flu, and terrorism not enough for you? Here is something else to worry about! Bond insurers may be facing downgrades. How big of worry? It is easy enough to see a downgrade, but a default is significantly less likely (albeit possible). And if it were to happen, the mere size of their positions (true they are measured in notional principles) is staggering. A look in from