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MBIA (MBI +40.7%) soars on a rumored settlement with Bank of America (BAC +3.2%) over mortgage...

MBIA (MBI +40.7%) soars on a rumored settlement with Bank of America (BAC +3.2%) over mortgage putback issues. BofA will reportedly take a 5% stake in MBIA, paying $1.65B along with a $500M credit line.
Comments (10)
  • Berkowitz's performance this quarter is going to be ridiculous. It is weighted 22% in one of Fairholme's funds.
    6 May 2013, 12:22 PM Reply Like
  • Where are all of the anti-Berkowitz posters now?
    6 May 2013, 12:37 PM Reply Like
  • I think they are still claiming that long term buy and hold is dead...
    14 May 2013, 11:22 AM Reply Like
  • Wow thats a big move
    6 May 2013, 12:44 PM Reply Like
  • Too good to be true.......yippeeeee
    6 May 2013, 12:48 PM Reply Like
  • The ocean breeze is going to smell extra sweet to old Brucey Boy today.
    6 May 2013, 01:16 PM Reply Like
  • The 5% of MBIA is already in the money by 50%. Wow!
    6 May 2013, 08:10 PM Reply Like
  • Hasn't his funds underperformed over the last year?
    6 May 2013, 08:43 PM Reply Like
  • Are you sure? He's heavy financials and value oriented. Both have outperformed significantly in the past year. http://bit.ly/15JwXqe
    14 May 2013, 11:22 AM Reply Like
  • Not sure but probably thinking of his holdings in St. Jude's which he was taking a bath in for quite a while.
    15 May 2013, 08:48 PM Reply Like
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