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ambac proposed amended complaint against emc

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Shocking new allegations from bond insurer Ambac Assured against EMC and JP Morgan Securities (formerly Bear Stearns) regarding Bear's accounting fraud, lack of good faith, and other untoward conduct in the origination and securitization of loans, and the ongoing refusal to buy back loans with deficiencies. Read more about this case at www.subprimeshakeout.com.

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