Morgan Stanley Reaches Comprehensive Settlement With MBIA

Tyler Durden's picture

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AngryGerman's picture

James P. Gorman, President and Chief Executive Officer, continued, "We are on a good road to secure our multi-million bonuses, also for coming years. And if they ever again are threatened, we just call again upon the taxpayer to bail us out."

fonzanoon's picture

So is this bad for MS? Can't they just do another one of those accounting doohickey tricks where they buy their own bonds and claim a 3 trillion dollar earnings beat? Everyone celebrates. The next day a few people mumble that it was a trick and then we all move on.

Stax Edwards's picture

Excellent Call TD, MBI gangbusters in pre

mspgrandi's picture


missed out on this trade. :-(

can anyone suggests what happens next to mbia? massive spike on the next two day the occasion of a lifetime to short?  i mean, is the company actually making any money at the moment (litigiations apart) or is its model broken?

NumberNone's picture

Kudos to ZH and TD for the trade.  I jumped all over this at $9.  Nice Christmas gift today.  I like the prospect of much more short covering.  Love this site. 

golfrattt's picture

Wow, the entire Mbi pop off today's news retraced, the whole fucking thing...

I'd say Buy and Hold is alive and well...


Matt's picture

$1.8  billion is a lot of money for a company with a $2.2 Billion market cap ... any estimates on how much actual earnings this settlement will generate?

Matt's picture

WSJ reports MBIA is paying Morgan Stanley $1.1 Billion as part of the settlement 

ThrivingAdmistCollapse's picture

Arrrrgh, that was a good trade!  I wish I was able to buy that stock before it happened.

yxj55's picture


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