• 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...

Morgan Stanley Reaches Comprehensive Settlement With MBIA

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 12/13/2011 - 10:01 | 1973474 AngryGerman
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."

Tue, 12/13/2011 - 10:04 | 1973482 fonzanoon
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.

Tue, 12/13/2011 - 10:10 | 1973505 Stax Edwards
Stax Edwards's picture

Excellent Call TD, MBI gangbusters in pre

Tue, 12/13/2011 - 10:20 | 1973547 mspgrandi
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?

Tue, 12/13/2011 - 10:24 | 1973582 NumberNone
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. 

Tue, 12/13/2011 - 12:15 | 1974253 golfrattt
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...


Tue, 12/13/2011 - 15:06 | 1975092 Matt
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?

Wed, 12/14/2011 - 13:40 | 1979324 Matt
Matt's picture

WSJ reports MBIA is paying Morgan Stanley $1.1 Billion as part of the settlement http://online.wsj.com/article/SB10001424052970203518404577096173087163522.html 

Sun, 12/18/2011 - 11:11 | 1991373 ThrivingAdmistC...
ThrivingAdmistCollapse's picture

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

Sun, 12/18/2011 - 20:54 | 1992503 yxj55
yxj55's picture


This pair of shoes is a feature of innersleeve with traditional lace,air max online breathable type tongue. The Phylon midsoles raised volunteers, a lightweight buffer, so won't you feel bogged down feet still air max 2011. With the air force per unit length of amplification, this pair of heels are double stacked on the impact resistance of products, to protect you, with your best game.

Thanks spend your precious time to browse this Cheap Nike Shoes integrated website. Both Discount and Cheap Air Max are our main products. Meanwhile, Nike Shox Shoes and Air Max Shoes also won good reputation of clients, no matter the old or new customers.Nike Shoes Sale According to almost of our clients, Cheap Nike Shox is really breathable and comfortable.While Nike Air Max which installed the air cushion makes its wearer feel like walking in the cloud.The more important is that our Nike Shox Cheap Air Max online store provide them with 100% superior quality and large discount.

Sun, 12/18/2011 - 20:56 | 1992515 yxj55
yxj55's picture


Cheap Nike shoes, they even developed more complex and elegant. A breath of fresh Cheap Air Max conditioning into the bottom, and the production capacity of the couple. Nike shop, Air Max Online only more skills used in the production of plastic materials used to deliver double gradient on there. Nike Air Max TN pairs of shoes, each pair of occupies a single consciousness and producing sports shoes head use. Nike Air Max LTD has a long path of the original investigation to dispute the facts before.

Nike Shox R4 New Zealand, observe the shadow said: "but I timberland become Britain, or let me Cheap Nike Shox Sale, the debate over the people, a red hair, he is now the most stubborn, and many of the infinite, this is a rather position present station, 1,Cheap Nike Shox above the humble our boots live in will do.

Know these shoes durable, wholesale nike shoes so don't worry about your efforts to use their wear will cause they spread out on you. Nike running shoes cheap sneakers cushion was designed for hard, daily use.Nike Shox TL1 Shoes They are in our website, now hot sale.cheap air max We guarantee its quality. You can buy cheap Nike shox on the Internet and the best price and high quality.Nike Shox OZ Shoes Don't miss it!

Sun, 12/18/2011 - 20:59 | 1992533 yxj55
yxj55's picture


In the heel and jordan 4 sole before the part between cheap jordan 2 the small holes to increase design special air permeability,Cheap Jordan and especially bootlace increased a layer of vamp to make in the fierce the basketball game is not easy to loose. Discount Jordan Shoes Foam plus leica artificial elastic fiber design air jordan 6 rings can be completely brought waiting on Nike Jordan Sale, make the wearer this pair of Discount air jordan 1 sale have a comfort.Retro Jordan Sale heels place installed high-tech designedly carbon fiber to provide the extra support retro jordan 1 to ankle stable.

thank you very much! i like it!Cheap Air Jordan The biggest characteristic is match colors much more special.cheap jordan 1 At the time of the very popular shoes holder design and built-in air mattress.Although this may be a great progress in the process of innovation Air Jordan Shoes, fresh birth certificate the brand air jordan 3. Because a pump design, so that, when you wear Discount Air Jordan, you can adjust the pump in what way as you like. air jordan 6 rings.

Do NOT follow this link or you will be banned from the site!