The market and many commentators are acting like MBIA (MBI) and Ambac (ABK) are almost out of the woods, Whitney Tilson explains the fallacy of thoughts like that in this article
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The market and many commentators are acting like MBIA (MBI) and Ambac (ABK) are almost out of the woods, Whitney Tilson explains the fallacy of thoughts like that in this article
2 replies on “Tilson on Bond Insurers”
so Ackman is taking so much heat on his short, it is Tilson turn with the PR. Tag team action.
The truth does not lie with Ackman nor with the insurers. both groups are looking for their self interest so it hard to know the facts.
yes I know Ackman will donate 20% of his earned fees on the short to charity, great publicity still for him and more assets to manage ergo more money in the future.
I just do not trust any thing since there is money on the line for all the parties that seem to be doing all the talking about this issue.
anon,
i guess we have to go with who has been rights. not necessarily in the stock price but the insurers situation. their problem have nothing to do with the stock price but with the businesses they got into. in this respect, Ackman has nailed it.