apppro

Future Gloomy for Ambac, MBIA - Berkshire Likely to Emerge as New Bond Insurance Leader

Missing the point here people! When Ambac & MBIA BOTH had to deal with Bill Ackman in late 2007, Buffett was asked to help out and his answer was to let the 2 companies get shorted to death. He immediately then opened his own muni business, but still refused to do anyhting constructive. Only till now when States like NY and CA are in dire straits do people like you come out and say something - albeit VERY wrong, but at least something.

WHAT A JOKE!!! Only thing - IT'S NOT FRIGGEN' FUNNY!!

Bankers, Bond Insurers Suing Each Other

Thos reports are nothing then just more rumorboarding by shorts looking to eek out every penny they can.

I dare anyone show me the actual report or SEC filing.

On May 17 09:16 AM johnny inca wrote:

> >>Meanwhile, there are increasing reports of bond insurers defaulting,
>
>
> Jeff, I have not seen any of these reports. Which insurer (MBI, ABK,
> RDN, etc) has defaulted on any coverage?

Bankers, Bond Insurers Suing Each Other

I defer back to Rodney King,

"Why can't we all just get along?"

All this does is feed the shorts and serves no investor any good.

Ben Graham Had It Right

Hey, they solve the crime every Friday night on 'Numbers' using math, so it has to be worth something!

Seriously though, 'actuarial computation' is based on a concept that long standing accounting and financial rules will stay relatively constant, or at least be given TIME to adjust and change. No matter what happens to society in general, as long as the rules of measurement stay the same, then the math constant can exist.


But when we change the rules of the game in the middle as we did starting in July '07 by eliminating the 70 year old Uptick Rule, then instituted M2M, then allowed unabashed rumormongering, then allowed uncontrolled naked shorting & gangshorting - well nothing can exist or predict the future.

YOU CAN’T CHANGE THE RULES OF THE GAME IN THE MIDDLE AND NOT EXPECT A DISASTOR TO OCCUR!! We were played by the shorts like a fine Stradivarius, and we all are now paying the price of their greed.

More on TARP and the Insurance Industry

A paln that WORKS for allof us:

Take a small amount of that ‘Rescue plan’ = maybe 20 billion and buy back the CDO’s of the muni bond insurers (Ambac, MBIA) – RIGHT NOW! Recapitalize them, as Sec. Dinallo of NY wanted to do 10 months ago.

Make sure the ratings agencies then immediately upgrade the ratings back to AAA, which they said would happen. Then come up with a universal set of rules that those agencies must play by.

Have the FED give an implicit guarantee to ANY NEW insurance policies written on the bonds. Basically guarantees the bond’s triple A, not the policy or the company just the bond until new triple A can be found. Doesn’t cost a nickel.

Have the Fed could kick in an incentive for any bonds issued for Capital Projects to help with employment and infrastructure.
NOW the municipalities can issue bonds and BUILD.. BUILD.. BUILD. Puts people back to work. Pays our bills, etc. We need the bond insurers restored back to normal and we need it now. Solves ALL the issues at little or less costs.

MBIA Sues Countrywide: Part of the Solution to Clean Up the Lies

It should Old, but the point missed I feel is that things should never have gotten this far.
Perfect Storm:
Mark to mark was inacted.
Up-tick Rule eliminated
Margins requirements decreased so it became like "Girls Gone Wild"
No SEC supervision

MBIA Sues Countrywide: Part of the Solution to Clean Up the Lies

What about the few people that had to bring down MBIA & Ambac by destroying their CDO’s? What about the lies and rumormongering that went into that?

All I ever hear about is how we need to get back at the CEO’s and policy makers who did this. Did what? Created one of the greatest housing and economic booms of the last 40 years. Sure there was excess, but there was also GREAT PROSPERITY. It only came apart when a couple of short sellers became desperate to cover and fabricated a strategy to destroy the monolines via their CDO participation. Yeah, they convinced everyone that the monolines’ CDO’s were worthless. Just great! Now those supposed worthless CDO’s are only just worth less, and vultures like Buffett with GS as broker are foaming at the mouth to buy them up.

Yeah, those shorts convinced everyone and along the way they convinced everyone EVERYTHING was worthless and destroyed the entire financial confidence and system.

Great job guys! Let’s put the blame for Cramer’s next depression where it belongs – right in the laps of a few narcissistic shorts.

FBI Investigates Victims of the Financial Fallout

All I know is, is that it makes me vomit to see everyone bashing the CEO's (and I'm not thrilled with them either) and companies, when the true villians here are getting away scott free.
Criminal - just criminal.

#4. Implement a WindFall Capital Gains Tax of 65% on ALL SHORT SALES retroactive to 01/01/08.

FBI Investigates Victims of the Financial Fallout

Even the FBI misses the point. True, the crisis comes from the destruction of the CDO/mortgage market, but what was the cause of that market’s collapse.
Yes, there is plenty of blame to pass around, but until short sellers attacked the CDO market so they could take down the monolines backing those CDO’s, there was no crisis.
The FBI, SEC, DOJ would be better off investigating Pershing Capital and Bill Ackman to find out the true cause of this current market melt-down.

It should be side-noted that NOW everyone is saying that all those mortgages and CDO’s will make the Government a profit when they buy them. Gee whiz, I thought Ackman and others has made us all believe that they were worthless. And I mean worthless – not worth less.

#4. Implement a WindFall Capital Gains Tax of 65% on ALL SHORT SALES retroactive to 01/01/08.

Ambac, MBIA: Moody's strikes again

A very nice long article, but it comes down 3 words 'self-fulfilling prophecy’.

Financials and Housing: The Outlook Remains Ugly

The only thing that 'remains ugly' here is your narcissistic, Generation Me’er compulsion to prove yourself right no matter who or what you destroy.
Have you ever thought maybe, just maybe that the constant water-boarding of our banks and other financials institutions has perpetuated a major part of this mess. If they treated prisoners at Guantanamo like you treat our financial system, people would be screaming bloody murder.

Ok, you were right BUT:
STOP IT ALREADY! ENOUGH! BASTA! NO MAS!

The Emperor (Mr. Ackman) Has No Clothes

It amazes me how anyone can still be seeing any merit in Ackman or any of his cronies. For no better reason then his own narcissistic ‘Generation Me’ behavior, did he destroy an entire industry; and has left our credit markets and municipalities in a state of chaos.
History will write that this man was a destructive force for our society, and his actions served no better purpose except then to further his own portfolio.

Selling the Short Sellers Short: Another Sign of Trouble

and oh,
4. the gang-shorting by hedge funds. Even Cramer (whom I dislike) has been screaming for this measure.

Selling the Short Sellers Short: Another Sign of Trouble

And that's why we need MORE SEC action on other fronts. I'm really tired of hearing the 'dog ate my homework' argument from the shorts; and for that matter the so-called oil speculators too.
Yes the shorts caused this financial meltdown and yes there are oil speculators that caused the rediculous run up.
1. reinstate the up-tick rule
2. Crack down on naked shorting for ALL stocks
3. BIG crackdown on what is said on National TV and in the press

Rating Agencies Target Guarantors to Deflect Subprime Blame

Now go read the Whitman article on the site. 1+1 does equal 2 in this case.

seekingalpha.com/artic...

And why do the same comments made by some bloggers appear under different stories?