Was Seth Klarman Just Exposed As Bank Of America's Biggest Short (And A Covert MBIA Long?)

Tyler Durden's picture

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CrazyCooter's picture

BOFA was fucked when I saw that look on the CEOs face (Ken Lewis) when they ponied up at trough thinking they were NY bankers.

This bank will go down and the others will feed on the carcass.

Regards,

Cooter

Pladizow's picture

"Margin of Safety" - Bitchez!

maxw3st's picture

This has all the makings of a Hollywood movie.

J 457's picture

There was the anti-Tilson fund.  Now where's the short BAC/long MBIA fund?

Ted Baker's picture

BOFA IS BROKEN AND WILL GO DOWN IN 2012 - GOLDMAN IS OUT IN THE LOOKOUT FOR CHEAP ASSETS

zorba THE GREEK's picture

There is a good chance BAC will go down in 2012, along with every other large financial company on the planet.

It's time to prepare for the worst, my friends. 

Zaphod B.'s picture

Wow, holy shit! That's a total of five (5) here's in the first sentence...a record?

H to the 5th power. 

Tyler Durden does his homework. Now take your punk ass back home because tomorrow is going to be the best day of your life. Breakfast will never taste better....

 

JimRogers's picture

George Washington blushes...

Ineverslice's picture

"Who killed Frank Pentangelli?

"The Rosato Bros."

"Yeah, but who gave the go-ahead?"

Flakmeister's picture

Can I haz BAC putz?? Pleeze??

Schmuck Raker's picture

Taking a banker's life is amoral. Ruining a banker's life, OTOH, I'd consider a moral victory.

ghostfaceinvestah's picture

You are really stretching now, Manal.

Hicham's picture

Well I hope it does nicely for FAZ. Bought in after it dropped from 50-42 in a day. Bought a little more after it fell even further so won't take much of a rise to make al ittle profit.

Moon Pie's picture

Short BAC with both arms.....go long Michael Carney v. Bank of America et al. (9th Circuit Court of Appeals #11-56421).  Ruling due in January.

I has it on good info that US Bank and MERS are buying CDO's at issue max.

Between that and $75 Trillion in synthetics, It's like Green Bay laying 14 at Indy.  No brainer.

PMakoi's picture

Book, "Margin of Safety".  If you want to read it;

http://www.my10000dollars.com/MS.pdf

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valueslots's picture

You can also read up-to-date news about Seth Klarman at: http://valueslots.com/legendary-investors/seth-klarman/

It follows every move the investor makes and his comments and views.