Fitz919

AIG Bailout Empowers Class Action Lawsuit Against MBIA

Interesting comment. It sounds like you figure that JPM bought a derivatives contract that pays off if several companies go bankrupt, and then they shorted those companies to help it along. Is that the gist?


On Mar 12 05:35 PM mbi4ever wrote:

> Michael;
>
> You are completely correct.
> The market powers (JPM, GS, BAC....) want MBIA and Ambac gone. That
> would trigger CDS contacts and make LOCs as the only insurance vehicle.....
>
>
> There is a story out there thath JPM needs 9 (or something like that)
> BKs to take place among monolines, car manufs., major insurances
> etc. in order to trigger a major derivative contact that would deplete
> the "whole" market out of capital AND in JPMs advantage, of course.
>
>
> There is a huge conspiracy WAR going on......