What?

waiting for the ratings agencies to act? to announce the deal..... WTF on AMBAC???.....

now it's a split? This is getting to be some poor reporting..... They are going to wait for a downgraid to announce the "Rescue" WTF

Interesting questions?
Why isn't Morgan Stanley involved?
Why isn't there much clarity about if it's a Capital infusion to save the AAA, or if it's a Good Bank/Bad Bank... that will end up in litigation for the next 10 years?
Why would the banks support a Bad Bank solution on the CDO portion?
Newly Reported: Waiting for the Ratings agencies to Act, for the deal to happen?
They are going to wait to rescue them till the Boat Sinks? (this sounds like a downgrade rescue plan.)
It was some interesting market timing.
Interesting stuff.

BID ASK on the SKF was 107-113.

Now it's 110-111... LOL, I may toss those shares at 108 into the premarket....