It's also funny because we're in a recovery and Ambac's fate should be tied to the fate of the financial crisis which is officially in the rearview mirror.
Something else disgusting about this - Vanguard went down with the ship, owning $11 million worth of the stock. For $11 million, you could have an analyst look for companies that even Cramer believes are worthless and sell the positions before they go to zero.
It's also funny because we're in a recovery and Ambac's fate should be tied to the fate of the financial crisis which is officially in the rearview mirror.
ReplyDeleteSomething else disgusting about this - Vanguard went down with the ship, owning $11 million worth of the stock.
ReplyDeleteFor $11 million, you could have an analyst look for companies that even Cramer believes are worthless and sell the positions before they go to zero.