The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (104433)	2/12/2008 8:34:50 AM
From: Think4Yourself	Read Replies (1) of 306849

Agreed. ABK and MBI are corpses. Of that I am absolutely certain. I see two players emerging out of this. One is Buffet's company and they will be the 800 pound gorilla. The other is Warburg Pincus, who is manuevering to control MBIA's muni business right now. What actually makes me chuckle is that MBI longs think the recent share offering puts a floor under the stock and shows WP's commitment to MBIA. If they had a clue what is happening they would realize that the offering was to allow WP to take control of MBIA so they can strip out the munis and leave the shareholders holding the bag full of toxic CDO's from a bankrupt MBIA. Most of the retail investors have NO CLUE what is going on, no f'ing clue.

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