MBI R.I.P Bye Bye Ms American Pie

[Peter Hansen]

MBIA MBI Teetering

All kinds of bail out plans appear to be forming ....MBI is desparate ....The government may step in and offer a bail out plan ( With YOUR Tax Dollars ) but I feel it will be too little too late. It would take more than a pea shooter to stop an avalanche I still think ya can make money by buying the MBI Aug 12.5 Put MBITV ..........GOOD LUCK TO ALL as this Turkey bites the dust !

[New-born baby]

Standard & Poors ...came through at the last moment .....what a bunch of whores .......is their rating sytem really worth anything? .Wonder who threw some money their way ?

Who threw their money away? The shorts. But only for now. Yes, they sold themselves, and MBIA is no strong today than last week. But it makes volatility and money for themselves--for now.

[Peter Hansen]

Guess the banks could not let rating slip

Standard & Poors ...came through at the last moment .....what a bunch of whores .......is their rating sytem really worth anything? .Wonder who threw some money their way ?

[New-born baby]

I'd be taking her long here, Pete.

[riverbabe]

HCBK claims to be one. Also the first bank of billyjoe has assets in 4 figures and no bad loans.

--------billyjoe

As executor of my sister-in-law's estate in New Jersey, I had extensive dealings with HCBK and was very impressed with every transaction! Not surprised, billyjoe. River

[billyjoe]

Pete,
Heard a comment yesterday that these institutions don't want to be the first to disclose their total losses that are actually more than double what we're lead to believe. They are hoping for a rebound that will enable them to dodge a bullet, meanwhile, the losses continue to climb. My plan for the Feds if they insist on bailing out the big boys is to offer a smaller % bailout to the C and MBIA types but offer a likewise but of course smaller dollar amount to the smaller institutions. Or just have a cutoff point from which there is no point of return regardless of size.

--------------billyjoe

[Peter Hansen]

MBIA CNBC Charlie Gasparino Speaks 2/22/08

MBIA may be only hours or days away being downgraded....Bottom line not to late to buy the Aug 12.5 PUT MBITV , or for more action the March 7.50 PUT MBIOU . If MBIA downgraded ......GAME OVER KAPUT > Warren Buffet will step in with Triple AAA ratings . Look at the following Video

http://www.cnbc.com/id/15840232?video=660459946&play=1

[billyjoe]

And just who are these Squeaky Clean Institutions?

HCBK claims to be one. Also the first bank of billyjoe has assets in 4 figures and no bad loans.

--------billyjoe

[Peter Hansen]

No Crystal Ball here

Guys who knows what will happen .......but I would not LOAD on mortgage companies right now ........hoping they will eventually rise up .....sitting on DEAD money is NEVER a wise investment !

[IIC]

Pete,
This ratings fiasco is enough to make a person puke. What about the handful of sqweeky clean financial institutions. Is it fair to them to have the feds bail out their crooked brethren? I hope Mr.Weiss is exaggerating the domino effect of the credit collapse. On a sour note, we can expect this whole process to repeat itself in a few years.

----------------billyjoe

And just who are these Squeaky Clean Institutions?

[billyjoe]

Pete,
This ratings fiasco is enough to make a person puke. What about the handful of sqweeky clean financial institutions. Is it fair to them to have the feds bail out their crooked brethren? I hope Mr.Weiss is exaggerating the domino effect of the credit collapse. On a sour note, we can expect this whole process to repeat itself in a few years.

----------------billyjoe

[Peter Hansen]

Latest Update On Ackman's Call On MBIA

Tom Sullivan said this on 2/18/08 about AMBAC and MBIA ...Guys and Gals it would be too long before the "FAT LADY" sings

" I am having a hard time thinking of the last time Ackman exited an investment on the losing end. Management at both companies can do one thing to prove him wrong, produce results contrary to his predictions. To date, they haven't."

[Peter Hansen]

Weiss Research On The Credit Mess

Mr Weiss is very negative on the whole Credit rating mess ....I am not a shill for Money and Markets .....but Mr Weiss does present a scary but reality based scenario of the whole mess .....read what he has to say in this "FREE" edition .....It may actually save you some money in the long run by dumping your shaky investments now before the collapse! That August 2008 $12.50 MBI PUT MBITV is making more sense as each day passes !

http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=1453

[Peter Hansen]

"Equity Short Of The Year"

In an article from "Trader Monthly" Bill Ackman is described as the aggressive short trader who bet on the demise of MBIA ...this trade would be analagous to the New England's acquisiton of Randy Moss.....both brilliant moves.
While most others covered their shorts Bill Ackerman held out, and on December 19th MBIA, The world's largest bond insurer finally admitted it had 8 billion worth of exposure in CDO's .
Bottom line Ackman's game plan is to take the trade the entire length of the field...i.e. he is not letting up until MBIA files for Bankruptcy!!
Warbur Pincus Pledged a $1 Billion investment and the purchase of 500 million of common stock. Was Ackman deterred by this event? ....obviously not as he told the Wall Stret Journal , "Its likely Warburg Pincus will lose their entire investment" I agree with Mr Ackman .

I think it is not to late to make some good coin here .....as I said above ....back up the truck buy the August 2008 $12.50 PUT MBITV , and watch the party begin as the MBIA ship sinks lower than the whale dung on the ocean bottom .

[Peter Hansen]

New Born Thanx Nice play

Here's a play:
SELL the MAR $15 call for $2.50!
BUY the AUG $12.50 PUT for $5.40.
But note that MBI may be putting in a bottom here. The chart is BULLISH!

new Born thanx