Ambac Restructure Costs U.S. Central $274 Million 4/21/2010
ShareThisPrint This Article
Return To Article
Normal TextLarge Text Comments
By Heather Anderson
Monoline insurer Ambac’s weakened condition resulted in an additional $274
million worth of losses for U.S. Central FCU. The corporate posted its 2009
audited financial statements on its website today. (www.uscentral.coop)
U.S. Central had previously announced in a March 1 release it had recorded $
142 million in fourth quarter 2009 losses a
