The Company provides financial guarantee insurance and other forms of credit protection as well as investment management services to public finance and structured finance issuers and investors and capital market participants on a global basis.
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I am not sure if Aurelius Capital's insinuations of fraud and insolvency are true, but the fact is that their accusations and lawsuit have become very publicized. This fact makes me nervous for MBIA's stock shorter term. I would anticipate a significant decline in stock price given the negative press, regardless of whether the rumors are true or not. Again, I want to make sure I reiterate that I am not stating that the Aurelius position is either true or false - I do not have enough information to fully form an opinion.
I have no position in MBIA nor do I plan to open one.