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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: some stoff from tonights Midas report
The DOW was roaring right along, making up most of yesterday’s losses when this news surfaced…
MBIA, Ambac Aaa Credit Ratings Again Under Threat at Moody's
By Emma Moody
June 4 (Bloomberg) -- The Aaa insurance ratings of MBIA Inc. and Ambac Financial Corp. are again under threat by Moody's Investors Service after the companies reported deepening losses from the mortgage-market slump.MBIA Insurance Corp.'s insurance financial strength rating may fall to the Aa range, although a drop to the A category is possible, Moody's said in a statement today. Ambac's Assurance Corp.'s ranking would probably be lowered to Aa, Moody's said in a separate statement….
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Before that news hit the tape, Dave from Denver sent us this missive:
How can Ambac POSSIBLY in the world be even remotely a triple-A rated company? Other than the intervention in precious metals, I can't think of a bigger outrage right now than the fact that the rating agencies continue to rate Ambac at triple-A. If you look at some various credit statistics, Ambac is not really even worthy of a single-B rating. All I can say is that Enron's stock chart looked very similar to Ambac's, while Enron was still double-A rated - shortly before it vaporized into thin air...The rating agencies and the SEC should investigated thoroughly on this one.
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