Buy MBIA (MBI), Assured Guaranty (AGO), and Ambac (AMBC) on any weakness arising from the...

|About: MBIA Inc. (MBI)|By:, SA News Editor

Buy MBIA (MBI), Assured Guaranty (AGO), and Ambac (AMBC) on any weakness arising from the Detroit bankruptcy, writes Mark Palmer. The municipal insurers' exposure to the city is well-documented and quite manageable. What about the domino effect? Find another city with  a 63% decline in population, 78K abandoned buildings , 66K vacant lots, violent crime 5x the national average, and a tripling in unemployment since 2000 and then we'll talk, says Palmer. MBI -1.5% premarket.