Insight into MBIA's Botched Cover-Up

If you ever wanted to know why I'm so skeptical, take a look at my column from Thursday on the behind-the-scenes story on how MBIA (MBI) tried to mislead me. It was all in a lawsuit filed by New York's attorney general, and made public when MBIA reached its agreement to pay $75 million to settle its regulatory mess tied to reinsurance of some bad loans that wasn't really reinsurance.

For those who don't get alerts to my MarketWatch columns, click here and then follow the instructions.