Kurtis

The Municipal Bond Dilemma

MBIA and Ambac had quite the scam going while it lasted. Moody's and the other rating companies would underrate municipal bonds and then Ambac and MBIA would swoop in and offer their Aaa ratings in exchange for some $$. Isn't teamwork wonderful! Well now congress pressured Moody's to give Municipal bonds the Aaa rating without Ambac or MBIA. There goes their business. Another Wall Street scam bites the dust. Along with it the fortunes of Ambac and MBIA. They're left with no business and a mountain of debt. I can't wait until their stocks slide into oblivion where they belong.

Spitzer: The Monoline Angle

Why should the monolines be kept in business? MBI and Ambac are debt ridden hulks. Now that Moody's is rating munis the same as corporate debt they've become useless relics. They have no business. Munis will get their Aaa rating without the need for monolines. There're dinosaurs without a purpose. They're stocks will collectivelly sink to pennyland which is where they belong. Again I say BUYER BEWARE!

Why We're Still in the Early Innings of the Bursting of the Housing and Credit Bubbles - And Implications for MBIA and Ambac

MBI just had all it's business taken away by Moody's plan to rate Munis's the same as corporate debt. MBI is but a debt ridden empty hulk. It will be interesting to see how MBI's CEO puts a positive spin on this developement. To all those so called "investors" who are still buying MBI stock it wont be long before they can take that stock and wall paper their room with it. BUYER BEWARE!

Ambac Deal Hits Snag, MBIA Writing Very Little New Business

It's refreshing to read the truth about MBIA & Ambac instead of the regurgitated corporate hype from headquarters. I keep saying BUYER BEWARE to anybody buying these stocks. They both will be penny stocks before long. MBIA is under SEC investigation, has at least three stockholder lawsuits against it, is writing no new business, the CEO wouldn't even sign off on his own balance sheet, layoffs, bonus cuts, an EPS of -$15.00 - doesn't sound like a growing company to me. All these so-called "investors" that are buying this thing deserve to lose their money. I don't think I've ever witnessed so much good money thrown away on something so explicitly worthless in my life.

Ambac, MBIA: The Shorting Game is Over

It's not MBIA insured bonds that are in trouble. They will survive unscathed. It's the HOLDING COMPANY MBI that everyone buys stock in that will disappear. The holding company has a balance sheet it's own CEO wouldn't sign off on because of the many undetonated bombs waiting to go off, isn't signing up any new business, has at least three stockholder lawsuits against it, an EPS of -$15.00 a share and growing, and no dividend. Even IF the bonds it insures are rated AAA, the holding company MBI is a train wreck and will sink to penny stock status. As soon as "investors" wake up and stop throwing their money away on it.

Ambac, MBIA Are Still Shorts Amidst This Wink-and-Nod

What I would like to know is who are these "investors" who are buying MBIA stock? The stock has no dividend, will probubly be even more diluted with additional stock offerings, a balance sheet that's a train wreck and that Jay Brown himself wouldn't sign off on. I would like to have a buyer of MBIA stock leave a post explaining this seemingly irrational act. MBIA will eventually assume it's proper status as a penny stock. It's only a matter of time.

Ambac, MBIA Are Still Shorts Amidst This Wink-and-Nod

If MBIA's stock stays around $14 to $15 I have a prediction to make. Brown will do another of his self-destructive things and have issue more stock. Hey, I hope it's a doozy! 200 or 300 million shares maybe. Since I'm short MBIA this massive dilution would be playing right into my hands. No stock dividend, massive dilution, and a balance sheet straight out of a horror show will put MBIA stock right into penny-land where it belongs.