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MBIA (MBI +24%) soars after after a NY state judge denies Bank of America's (BAC) petition to...

MBIA (MBI +24%) soars after after a NY state judge denies Bank of America's (BAC) petition to overturn the insurer's 2009 restructuring. This ruling doesn't appear to affect a parallel suit between the two regarding putbacks.
Comments (5)
  • DeepValueLover
    , contributor
    Comments (8526) | Send Message
     
    Now imagine the move once BAC loses the key lawsuit!
    4 Mar 2013, 01:24 PM Reply Like
  • Ghosts of Kariela
    , contributor
    Comments (152) | Send Message
     
    Indeed, though I wonder what MBIA bonds will look like after that.
    4 Mar 2013, 01:29 PM Reply Like
  • what do I know
    , contributor
    Comments (1049) | Send Message
     
    Was the judge a "Korean" judge! Or probably, do not have expertise in "restructuring". Can BAC appeal this judge?
    4 Mar 2013, 02:39 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5535) | Send Message
     
    Good. Don't like (BAC). They screwed too many people.
    4 Mar 2013, 09:30 PM Reply Like
  • Ghosts of Kariela
    , contributor
    Comments (152) | Send Message
     
    You wouldn't like MBIA much either then. MBIA was more ethically bankrupt than BAC was before the financial crisis. MBIA was essentially misrepresenting itself to get triple A rating, not what I call particularly good ethics and morals. Read the book Confidence Game for more info about the Bill Ackman and MBIA short.
    4 Mar 2013, 10:09 PM Reply Like
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