corellian98

Future Gloomy for Ambac, MBIA - Berkshire Likely to Emerge as New Bond Insurance Leader

This goes against two things insurance analyst Rob Haines said recently in a Webcast presentation.

#1 - "While some insurers, such as MBIA (MBI.N) and Ambac (ABK.N), are stronger than others, "we think the traditional market leaders' franchises have been permanently impaired".

And....

#2 - "Another relative newcomer to muni insurance, Berkshire Hathaway Assurance Corp, "will not be a long-term competitor in this market," Haines said. The new insurer is a unit of Berkshire Hathaway Inc."

Please fully disclose your stock postions in the companies mentioned, and who, if someone other then yourself commisioned this view. Failing to fully disclose these items will discredit your posts going forward. Thank you.

Ambac Collapse: Anticlimax of the Week

Flawed reporting >> United States government announced its intention to establish the Mortgage and Financial Institutions Trust first...then Moodys advised on the possible downgrade.

Question>> You say, "To that I say, any company whose business model depends on maintaining a certain debt rating has a fatally flawed business model to begin with.

I would like to point out that a good part of the worlds companies work on this model. Go back to school. Are you telling me GE and Warren Buffet have flawed models???????????