Snuggles

Two More Homebuilders Go Bust

MBIA short interest is currently at 26%, 6 days to cover. That is high but certainly not enough to provoke a death-spiral for the company. All you guys blaming the shorts for the stock price action need to take a step back and look at the fundamentals for these companies. Fact is they got caught with their pants down insuring CDO / subprime toxic waste and now their continued survival is no longer guaranteed (short a bailout).
Go figure that this turn of events should materially effect their respective stock prices? Perhaps we should outlaw short selling to protect these "pillars of the economy" from failure?