MBIA

  • MBIA

    Bond Insurer Bailout Failing Fast

    The odds for an industry-wide bailout of bond insurers are getting very long. A senior investment banker familiar with the bailout discussions tells DealBreaker that many of those involved have concluded that any bailout would be “unwise, unnecessary or ineffective.” ‘There’s been a real loss of faith in the idea of a coordinated rescue,” he […]

    / Feb 7, 2008 at 10:34 AM
  • Ambac, MBIA

    Buyback To Oblivion: MBIA and Ambac

    “So, in the name of enhancing shareholder value, Ambac and MBIA respectively spent $1,015,036,000 and $1,843,044,000 worth of cash for stock buybacks (over the past seven years). But, and now you know this, such cash expenditures reduced liquidity and net worth by those exact amounts. How can this be deemed responsible behavior when both companies […]

    / Feb 6, 2008 at 10:16 AM
  • MBIA

    MBIA: Of Course Those Insurance Experts Couldn’t Get Mortgage Bonds Totally Wrong Again!

    The more we think about the tremendous bounce in MBIA’s share price yesterday the less we like it. It bothered us so much yesterday that we spent plenty of time going back through the slides and our notes from the endless conference call trying to decide what could possibly have persuaded the markets that Warburg […]

    / Feb 1, 2008 at 10:58 AM
  • MBIA

    What Good Is Bond Insurance Anyway?

    The word this morning that MBIA would have to cut its dividend in order to preserve it’s credit rating has us asking how valuable bond insurance is when its coming from firms whose own financial position may be shaky. More after the jump.

    / Jan 9, 2008 at 11:25 AM
  • MBIA

    MBIA Crash & Burn

    Just when you thought it couldn’t get worse at MBIA, it gets worse. After losing half its market cap in the past few months, MBIA looked to many like a good buy. There are a lot fewer members of that club of “many” today. Shares are down nearly 9% right now, apparently on word of […]

    / Dec 5, 2007 at 1:11 PM

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