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MBIA Managers: More than Just Colossal Failures



August 08, 2008 – Comments (2)

MBIA May Sue Short-Seller Ackman's Pershing Square

Whiners too.

Typical. Ackerman had them right. They took a great (though sleazy) business model and ran it into the ground through their own greed and incompetent risk modeling. What to do? Sue the guy who told everyone about it, natch.

2 Comments – Post Your Own

#1) On August 08, 2008 at 6:37 PM, DemonDoug (31.22) wrote:

okay first off SJ, please never ever use the word "na.." I can't even type it it's so terrible.  Use the word "naturally" for the love of god please.

secondly, MBIA are the ones that need to be sued and I want the CEO and executives thrown in jail with the people from moody's who colluded to bilk millions if not billiions from state and local governments.  The so-called "earnings" were nothing more than accounting adjustments and both MBIA and Ambac deserve to be burned in the hell of stock market oblivion.

But really Doug, how do you feel?

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#2) On August 08, 2008 at 9:23 PM, TMFBent (99.24) wrote:

You don't like natch?

I had a friend in grad school, and she didn't like hearing: moist, fudge, or panties. Of course, at that point it was game on for packing all three words into conversation as often as possible.

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