mahram

MBIA and Ambac: Monoline Malaise

hi david, I agree with you, that if I were ny state regulators, how I would be able to allow mbia to start another business. If in bad times they were willing to allow their noteholders and clients fall into the wind. And that they have reneg on their deals with regulators. Theres no trust, and in the business of insurance its all about trust. If you put out the public outcry,about the situation it would be impossible for regulators. it would be a pr nightmare. And if I were a ratings agency, it would be tought to justify giving them aaa. Also one note, if I were a regulator, or a rating agency, I would be scared like crazy to think that management is thinking about putting their scarce capital in buybacks or large dividends to shareholders, in a time of crisis. If I were a cynic, this would be an attempt by management to bail out their losing stock positions, and not to save the company.