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Market Shrugs off Ambac En Route to Mini-Rally: Now, as investors propose swaps, the Street holds out

What a difference the need for cash makes. The securitization market did a brisk business in consumer ABS paper last week, oversubscribing to a USAA auto deal and blowing out a Discover Financial Services credit card transaction.

The historic plunge in Ambac Financial Group's share price? Didn't happen. Merrill...

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