I believe I saw an article about the decision to allow Detroit to go bankrupt will be decided on Tuesday. Is this going to have an impact on AMBC?
I believe AMBC's exposure is $170.3 million in General Obligation bonds; the failure on the part of the State of Michigan to protect the status of General Obligation bonds, is harmful to Detroit and the interests of the taxpayers in Michigan.
How so. Can you be more specific? Thanks.