> Mortgage market is still deteriorating, what planet are you living on?
> Housing has yet to reach a bottom est 3rd quarter next year.  And
> don't even get me started on the commercial side.
> If housing market was improving FNM wouldn't need yet another taxpayer
> bailout.
> ABK is trading at a dollar for a very good reason.  It's junk.

> On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > Calypso is only giving you half the story. ABK is a risky play - to be
> > sure. The earnings are not artificial - just as mark to market
> > accounting rules in the past decreased the value of the company
> > artificially, now the changes in the accounting rules have
> > artificially lifted it - the truth is somewhere in between. Mortgage
> > default rates have slowed; the housing market is improving not
> > deteriorating.

> > Follow the releases between now and Nov 16th when the company reports
> > its capital reserves. They must maintain $400 million dollars.
> > If it dips below that several things could happen:
> > 1. regulatory takeover
> > 2. someone steps in and gives them the reserve in exchange for a share
> > in the company
> > 3. Wisoconsin waives the requirement seeing future growth prospects
> > but puts them into some kind of supervisory watch.

> > If the reserves are above the required level look for Moody's or the
> > S&P raising their rating - not by much, but some. One of the main
> > reasons ABK can't write new business is because of multiple downgrades
> > that have come mostly from Moodys.  If Moodys wants to maintain its
> > neutral reputation they will have to come in and give some kind of
> > support as conditions have improved.

> > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > misleading? coudl the sec allow them to say that knowing they havent
> > > declared all financial details- or could JP Morgan be wrong? I guess
> > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > are proved correct then ABK could go the same way as CIT (which i
> > > thought was too big to fail- but proven wrong)

> > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > evaluation. That's the company's market rating.

> > > > If you are worried, you have every reason to be. Check here:

> > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > Sorry Dude.

> > > > Sometimes it's just the way the cards tumble.

> > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

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