MBI - MBIA Inc
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Aug 28th, 2008, 09:26 AM
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#21
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HSM Addict
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MBIA Inc Reinsuring $184B portfolio of investment-grade US public finance credits insured by Financial Guaranty Insurance Company, receiving unearned upfront premiums of about $741M
- The public finance portfolio consists exclusively of investment grade credits, primarily in the general obligation, water and sewer, tax-backed and transportation sectors, and does not contain any credit default swap contracts, below investment grade credits or other credits inconsistent with MBIA's credit underwriting standards.
- The reinsurance will be provided on a "cut-through" basis, enabling FGIC's policyholders to receive the benefit of MBIA's reinsurance by allowing them to present claims directly to MBIA.
Looks like the financials will be getting a lift from this, ABK also up.
FRE and FNM still being manipulated to the upside.
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Aug 28th, 2008, 09:28 AM
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#22
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Moderator
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14.25  2.27 (+18.95%) in premarket trading
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Aug 28th, 2008, 10:50 AM
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#23
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HSM Regular
Join Date: Mar 2007
Posts: 358
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Go Sept 15 calls!
$ 15.38 up 3.40 (+28.38%) so far!
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Sep 11th, 2008, 10:33 AM
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#24
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Call me crazy, Im collecting some calls on MBI on weakness like today. Its the only financial stock I am doing this with.
Just a small position in the event it turns.
__________________
- Success occurs when preparation meets opportunity.
- A rich person is not one who has the most, but is one who needs the least.
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Sep 11th, 2008, 10:45 AM
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#25
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Quote:
Originally Posted by StockJock-e
Call me crazy, Im collecting some calls on MBI on weakness like today. Its the only financial stock I am doing this with.
Just a small position in the event it turns.
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I'm thinking of putting a white hat on as well, here and JPM, not yet tho, still having fun on the dark side, LOL
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Sep 11th, 2008, 02:19 PM
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#26
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HSM Addict
Join Date: Oct 2006
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got a few cheap calls
Last edited by a_grasshopper; Sep 11th, 2008 at 02:20 PM.
Reason: Whoa, just in time !
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Sep 11th, 2008, 02:22 PM
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#27
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Join Date: Oct 2006
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WOW !
It's Going GREEN !!
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Sep 11th, 2008, 02:24 PM
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#28
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HSM Addict
Rank: Stock God +(½)²
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I told you we would go long on some financial one day! 
__________________
- Success occurs when preparation meets opportunity.
- A rich person is not one who has the most, but is one who needs the least.
My Stock Market Blog.
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Sep 11th, 2008, 02:29 PM
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#29
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HSM Addict
Join Date: Oct 2006
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Quote:
Originally Posted by StockJock-e
I told you we would go long on some financial one day! |
Hey there Jockey, you look dapper wearing that white hat today !
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Sep 11th, 2008, 02:30 PM
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#30
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HSM Addict
Join Date: Jan 2007
Location: FRENCH POLYNESIA
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I 've hesitated to get in, I shouldn't have
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