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Wilbur Ross Won't Wait For Downgrade

6:30 PM ET Wed, 30 Jan 2008

Billionaire Wilbur Ross, who's been rumoured to be considering a bid for Ambac, tells CNBC that any takeover of a bond insurer has to come before a downgrade. Wilbur Ross, chairman & CEO, WL Ross & Co., speaks to CNBC's Martin Soong, Amanda Drury.