crashof2008

The Municipal Bond Dilemma

I see. This does sound like socialism however. Are you stating we are not allowed to disclose facts that California last week announced they will no longer use MBIA to insure their new muni issues? New Jersey has now followed suit. Are you claiming this will have no effect on their bottom line, or that because we live in a socialist society we should not be able to discuss that?

Are you saying that because we live in a socialist society we are not allowed to short the stock?

My, my.

If MBIA is such a wonderful AAA company, why do they have to pay 15% to borrow money in the capital markets? That's junk bond rate and is what they borrowed money when they raised emergency capital in the debt markets earlier this year.

Should that fact also be kept secret?

Matt