Dilweg Says Rehabilitation Will Bring Stability to Ambac: Video

By · Thursday

March 25 (Bloomberg) — Wisconsin Insurance Commissioner Sean Dilweg talks with Bloomberg’s Mark Crumpton and Julie Hyman about his office’s move to take over claims on about $35 billion of home-loan bonds backed by Ambac Financial Group Inc.
Dilweg is taking over a portion of Ambacs policies to protect municipal bondholders who count on the companys guarantees. He halted payments on the policies and other contracts, saving Ambac about $120 million this month. (Source: Bloomberg)

Duration : 0:3:41


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