The Jackal

Monoline Stock Price Rally Overdone

MBI + ABK are cooked. Both will be under $1 by the end of this year.

MBIA: Moody's Twists the Knife

The Moody's downgrade alone will force them to make $7.4 billion in payments. According to Bloomberg "MBIA has $15.2 billion of assets available to satisfy the requirements, the company said yesterday in a statement. That includes $4 billion in cash and short-term investments, $1 billion of unpledged collateral and $10.2 billion of other securities, MBIA said." I bet that the $10.2 billion of "other securities" are MBS or CDO or other crap that they are marking to model not to market. I am sure the $10.2 billion is more like $5 billion when it's mark to market. The $7.4 billion payment is just the beginning, there are still going to be other losses they have to cover that arent related to the the payments triggered by the Moody's downgrade. No new business coming in. THEY ARE DONE !!!!!!!!!!!!! MBI will down 50% on Monday.

MBIA: Moody's Twists the Knife

There is no financial engineering that will save MBI or ABK......they are COOKED.....both ZEROs within a couple of months.