• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

MBIA Settlement Approaches, Stock Soars, Triggers Circuit Breaker

Tyler Durden's picture

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Thu, 07/14/2011 - 15:54 | 1457297 SwingForce
SwingForce's picture

Excuse me? BAC made MBIA an offer? Surely, that's bass-ackwards...

Thu, 07/14/2011 - 15:53 | 1457298 janus
janus's picture

i miss agrotera

Thu, 07/14/2011 - 15:55 | 1457300 carbonmutant
carbonmutant's picture

What's Geithner up to now?

These are his bastard children...

Thu, 07/14/2011 - 16:05 | 1457302 SwingForce
SwingForce's picture

Hey, I have an idea: Lets get the printout of the mortgages in Maiden Lane's portfolio, then we get our robo-signers to print fake titles, we foreclose on them and keep the money! Then we offer MBIA.......

Thu, 07/14/2011 - 15:58 | 1457306 slaughterer
slaughterer's picture

Short MBI at $10.  No questions asked. 

Thu, 07/14/2011 - 16:07 | 1457330 Logans_Run
Logans_Run's picture

"In other words, by doing to Bank of America first what the NY Attorney General is doing to the firm right now, it was only a matter of time before the Charlotte-based symbol of all that is broken with America's mortgage system..."


I think you could have stopped at "...with America."


Thu, 07/14/2011 - 16:18 | 1457361 Texas Ginslinger
Texas Ginslinger's picture

With that kind of upward momentum, MBIA could replace BOA in the Dow 30 and give it some juice northward.


Thu, 07/14/2011 - 16:50 | 1457515 ghostfaceinvestah
ghostfaceinvestah's picture

MBIA would be severely underpriced at $10 if they get any kind of fair settlement out of BAC

Thu, 07/14/2011 - 18:02 | 1457743 ebworthen
ebworthen's picture


What?  No hangings?  Again?


Thu, 07/14/2011 - 18:58 | 1457888 disabledvet
disabledvet's picture

It's coming. And it ain't the debt ceiling and it ain't about flag waving...per se.

Thu, 07/14/2011 - 19:07 | 1457906 YesWeKahn
YesWeKahn's picture

So, you are saying that GOOG will be limited to 10% tomorrow?

Thu, 07/14/2011 - 21:48 | 1458223 AccreditedEYE
AccreditedEYE's picture

Ha! You hear that sound Jamie? the drums beat for you... they are coming.

Fri, 07/15/2011 - 08:05 | 1458843 Victor Berry
Victor Berry's picture

Give MBIA credit for staying solvent long enough to partake in settlements with the big banks.  The same can't be said for AMBAC and other insurers who went under long ago.

Chalk up another failure to Bernanke's crooked forebearance plan with the big banks that was designed to drive all insurers out of business before legal proceedings could occur. 

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