Boruma

Why MBIA's Change of Plans Makes Sense

Most investors who have traditionally bought muni and public infrastructure bonds from the likes of MBIA would be insane to reward the company by once again paying away part of their return for New MBIA and for this reason it is a bad use of the $900m. I would also not downstream the cash - not until some stability returns to the market. So if waiting for a year is an option I would consider it to be more appropriate from having yet another failure.