Remember when various students of the Econ. PhD persuasion (not to mention various paywall holdco-funded blogs, both desperate for namedropping-based page views), alleged that reading Zero Hedge makes one's money "vanish" (instead of focusing their brilliantly insightful googling efforts on such worthier topics as MF Global or its successor, PFG, or even Libor)? We were going to present a picture of your typical "testosterone" addicted reader below as a reminder, but instead we opted for a picture of MBIA's intraday price, which is up 8.5% from where we broke news [5]that the company may soon be worth much, much more. And to facilitate these same academics in their abacus-based pursuits of truth, justice and the Keynesian way, we will even calculate the annualized return: 847,801,191% (we will withhold calculating what the return on various short-term call options may have been - we are confident even career Economists can figure that one out after several hours of consultations). But since when have facts ever been part of the status quo's arsenal...
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