texalope

Counterintuitive Accounting: Ambac Edition

Last Quarter MBIA booked gains on lawsuits in progress. Talk about fantasy and low quality earnings?

Another Way of Looking at Risk in Financials

Hi Tom. Have you thought about MBIA exposure to Pension Obligation Bonds and the comments from Warren Buffet .He concludes that insured municipals may be an accident waiting to happen. It will be large enough to wipe out years of profits.

Stress Tests: Banks vs. Bond Insurers

Tom , I too own MBIA. The stock seems to go down daily. Do you have any thoughts on why the market is so negative on this company.

The CEO claims adjusted book value is $40. As I write theis the stock is at $2.67.

There is something seriously wrong. It seems like a competitor would snap this up.

Stress Tests: Banks vs. Bond Insurers

Excellent post. Thank you.