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Thank you, thank you, thank you for acknowledging this! Incredibly, not one other financial website or publication that I know of has stated the obvious about Ackman's announcements! They just regurgitate Ackman's statements like they are unbiased fact. I don't own MBIA or AMBAC (and they are obviously a mess) so I don't have a direct stake in their fate but the financial press and the media in general are getting played like a violin on this story (and others).

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