On November 1st the industry edged closer to extinction when one of the largest bond insurers, Ambac, announced that it would skip an interest payment.

11月1日，当最大的债券保险公司之一ambac宣布停付一期利息时，这个行业离灰飞烟灭又近了一点。

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The American International Group, Fannie Mae, Freddie Mac, General Electric and the municipal bond guarantors Ambac Financial and MBIA all had triple-A ratings.

美国国际集团、房丽美、房地美、通用电气、市立债券担保人——美国债券保险公司、MBIA都曾经拥有3A的评级。

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You say, oh oh, this is bad news, if this is the only--if only one rating agency does that, okay, but--and it's only AMBAC that's been down-rated, but you starting wondering.

你会说,这是个坏消息,如果只是一家评级机构下降了评级,而且只有安巴克一家被降级,那还好,不过你开始担忧了

耶鲁公开课 - 金融市场课程节选

Ambac Chairman and CEO Michael Callen is looking for a cue from the feds as the industry recovers.

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Ross has been coy about whether he will step in and invest in Ambac or other bond insurers.

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Ambac has become a poster-child for the bond insurance industry and the broader subprime meltdown.

FORBES: Wilbur Ross Above, Ambac Below