MBIA news from FierceFinance
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The greatest short bets of all time
When John Paulson, of Paulson & Co., bet against mortgage-backed collateralized debt obligations, he didn't hold back. His funds shorted the ABX and longed various credit default swaps--and it Read more...
Full impact of bond insurer downgrades not yet felt
The Financial Times notes that banks have yet to feel the full brunt of the impact from the recent downgrades of bond insurers. There likely will be more writedowns stemming from credit default swaps Read more...
MBIA CDS drama plays out
At some point, an institution becomes so shaky that it actually becomes a form of leverage with regulators. MBIA is a great case in point. The New York Times notes that in early May, MBIA promised to Read more...
William Ackman's bet against MBIA: A winning move?
One of the most publicized of the bond insurance bulls was William Ackman of Pershing Square Capital Management, who pressed his case in part with presentations given over the Internet. He received Read more...
More on private equity and banks
Private equity funds traditionally have not had a lot of time for public investments (not enough control for them) and financial Read more...
Bond insurer to Fitch: Don't rate us
A sign of the times: Ailing bond insurer MBIA has taken credit-rating agency Fitch to task for not being more tough on muni bond insurers, notes Fortune. The firm made waves when it asked Fitch to Read more...