Old Coach

MBIA Sues Countrywide: Part of the Solution to Clean Up the Lies

Moody's and S&P should probably start adding a lot of lawyers to their litigation departments. Maybe Ackman goes after them next. Of course, that reptile will probably come back and go long on ABK and MBI.

MBIA Sues Countrywide: Part of the Solution to Clean Up the Lies

Padding or not, if the bailout goes through and assets go to the Gov't then ABK and MBI should have some nice relief. Then add in the new guidance on mark to market and the two stocks stand a very good chance of recovering to about the halfway point of their all time highs. After that, it's up to their managment to figure out the new landscape. To say management has learned the lesson on risk would be an understatement!

MBIA Sues Countrywide: Part of the Solution to Clean Up the Lies

If assets are sold to the Gov't, doesn't that take MBI and ABK off the hook?

Winners and Losers in the Bailout Bonanza

Buffet goes in for GS so GS wins. Bailout from former GS CEO so GS wins. Ex GS exec now WB CEO offloads toxic paper then probably does deal with GS so now GS and WB win. BAC just got ML for a steal so BAC wins. MS will find a way to win.

Congress is posturing. They've got a gun to their heads and they know it. Mark to market accounting will be adjusted so all financials will get a break and off we go til the next crisis.

Meanwhile the idiots that we elect on both sides of the aisle will keep trying to blame each other. Throw mud at everyone in the arena so decent intelligent people stay away. All the while, the Chinese are fixing to lend us our lunch money and then eat our lunch!

Where have all the grown-ups gone?