bearfund

Dinallo Comes Down on Monoline Bears

neeb??: Rhetorical question, of course. But it does well to highlight the fact that most of these companies' problems are of their own making. Too many lies, too many optimistic statements that rapidly proved false, too little transparency. There are very few companies in this industry that deserve any shareholder trust whatsoever. Most of them deserve to trade at 40% of book, little more than speculative plays on a hypothetical recovery that may well never come.