What's Up With MBIA?

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Shares of mortgage insurer MBIA are halted, news pending. The company is widely expected to announce it is raising new capital but rumors persist that it may be darker news. What are you hearing?
Update (thirty seconds later): Oh, never mind. They've announced. Warburg Pincus is buying a $1 billion stake.
Update (30 minutes later): Of course, there was darker news. Word of this investment comes with news of that the mortgage insurer faces significantly higher losses from a decline in the value of securities it guarantees. Here's a link to the Bloomberg story.

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