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To: Perspective who wrote (181411)	7/19/2002 12:52:25 PM
From: NOW	Read Replies (1) \| Respond to of 436258

Just tried to short Allied cap with Schwab: No shares. Coded as a zero which means No shares will be available: any idea why?

To: Perspective who wrote (181411)	7/19/2002 1:05:13 PM
From: stan_hughes	Respond to of 436258

Yikes <eom>

To: Perspective who wrote (181411)	7/19/2002 2:56:42 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

<<Weren't you an MBIA fan?>> Yep, I'm short since 55 on that one. They are an STZ, IMO (and of course, when they DO go to zero, that'll create total chaos in the corporate and muni bond markets never before seen). The leverage they now wield makes LTCM look like pikers. The author correctly points out that the notional value of their credit guarantees vastly exceeds their equity and resources. They are, if not the beating heart of the credit bubble (I hold that distinction for FNM), then perhaps they are its cirrhotic liver, attempting to filter out all the toxic sludge in the credit system. Sadly, the patient in an alcoholic, hooked on easy credit, so it's to no avail...