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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (108424)	3/7/2008 6:15:44 PM
From: Peter V	Read Replies (2) \| Respond to of 306849

Seems like a huge red flag for MBI, but given that ABK went from being down nearly a buck all day to up $2 at day's end, who knows how the stock will react. Actually, now that I look at the daily chart, ABK did something very odd, shooting STRAIGHT UP from about 7.40 in the last minute to 9.50. AH says it is back down to 8.17, but even that seems fishy. WTF happened there? A rigged close?

To: Travis_Bickle who wrote (108424)	3/7/2008 6:35:25 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Fitch is a relatively honest ratings company and wouldn't give MBI back their AAA rating so MBI wants Fitch to not rate them at all so MBI can say it is AAA rated. S&P and Moodys apparently decided their reputations were already worthless, and unsalvageable at this point, so they kept AAA ratings. Dealer: "Our securities are rated AAA by S&P and Moody's!" Investor: "So what? So are MBIA and ABK! How does Fitch rate you?"