Bond insurers ask for piece of TARP pie:

01/16/2009 | Bond Buyer (subscription required), The

Bond insurers Ambac Financial Group and MBIA are asking the outgoing administration of U.S. President George W. Bush and the incoming administration of President-elect Barack Obama to give them some of the money from the second $350 billion of the Troubled Asset Relief Program. Both companies said a capital infusion from the government would help revitalize public-debt markets, but their stronger competitor, Assured Guaranty, disagreed, saying the TARP money would not do much about investors' lack of confidence in Ambac and MBIA.

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Bond Buyer (subscription required), The

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