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11:46 MBI MBIA Inc: Additional details from ongoing conference call — co discusses ratings agency standards (14.25 +0.29) -Update-
Co notes that S&P has confirmed that the co’s capital plans more than meets their AAA standards. Co expects their capital plan will meet or exceed Moody’s AAA standards.Notes that Fitch affirmed their AAA rating with a stable outlook two weeks ago upon the successful completion of their notes offering… Co remains uncertain about housing market but they plan to capitalize their position until there is no question remaining… Says it is possible that downgrades would cause them to need more capital, but they believe it is manageable given the co’s current strong position.
Richard, thanks for the update. As lying Hank warned us yesterday, the PPT is meeting today. They have been bidding the futures all day - there is no other explanation for today. MBIA , S and P, are liars. They will continue lying as long as there is anyone left who believes them. They call Bill Ackman a liear, but he rode them down from 80 to 20, so who is the liar?
The banks are insolvent, save for the Taffy injections and all lending would have ceased. See Mike Shedlocks blog for the graph. The monolines are insolvent, and lying. The shareprices are supported through the Treasuries accounts at Goldman and Morgan. I used to laugh at my friends when they talked their vodoo talk about fascists taking over… they have. Gushy squishy fascists, not like the Germans. Although the ones being tortured by them might not think so much.
how can MBI’s CEO say their present plan meets AAA criteria while Dinallo says the 2-3 companies in this mess need a new, combined $15B bailout? I don’t mind dealing with trading around news, but I really detest having to trade around lies.
Fuck you guys. I need to find new Internet friends anyways. I’ll go back to WOW if I can find a guild.
Ben has shown me his balls, and this fucker doesn’t care about the Washington or the price of jugs (milk, you sick fuckers). As long as the housing market tanks, he’s going to slash and slash.
Long banks (esp ETFC), Gold, Oil, Fert.
Short home builders and retail.
Full disclosure, I am long both UWM and ROM from yesterday; however, in watching the Russell futures, I see this march up to yesterday highs on decending volume. Careful longs. We may tap yes highs and roll over.
Nice vid. Brings me back - not to Maiden but earlier to UFO. Pulled up some early vids of UFO and Schenker - wow, what a trip down memory lane. Thanks for the reason to day dream.
Maybe he meant “affordable” or “rentable” space once the HHOD kicks in and forces peeps to leave their humble abodes with little or no (read negative) equity.
That was the family reunion. Ragin’ and Woody are “kissing cousins”. That’s why DT always mentions that Ragin’ is gay. Woody is married so his gayness went away years ago. Make sense?
Wouldn’t youse rathah walk wit a cop?
January 31st, 2008 at 8:51 amRemember to wear your Uggs.
January 31st, 2008 at 9:27 am11:46 MBI MBIA Inc: Additional details from ongoing conference call — co discusses ratings agency standards (14.25 +0.29) -Update-
Co notes that S&P has confirmed that the co’s capital plans more than meets their AAA standards. Co expects their capital plan will meet or exceed Moody’s AAA standards.Notes that Fitch affirmed their AAA rating with a stable outlook two weeks ago upon the successful completion of their notes offering… Co remains uncertain about housing market but they plan to capitalize their position until there is no question remaining… Says it is possible that downgrades would cause them to need more capital, but they believe it is manageable given the co’s current strong position.
January 31st, 2008 at 9:49 amRichard, thanks for the update. As lying Hank warned us yesterday, the PPT is meeting today. They have been bidding the futures all day - there is no other explanation for today. MBIA , S and P, are liars. They will continue lying as long as there is anyone left who believes them. They call Bill Ackman a liear, but he rode them down from 80 to 20, so who is the liar?
The banks are insolvent, save for the Taffy injections and all lending would have ceased. See Mike Shedlocks blog for the graph. The monolines are insolvent, and lying. The shareprices are supported through the Treasuries accounts at Goldman and Morgan. I used to laugh at my friends when they talked their vodoo talk about fascists taking over… they have. Gushy squishy fascists, not like the Germans. Although the ones being tortured by them might not think so much.
January 31st, 2008 at 9:57 amhow can MBI’s CEO say their present plan meets AAA criteria while Dinallo says the 2-3 companies in this mess need a new, combined $15B bailout? I don’t mind dealing with trading around news, but I really detest having to trade around lies.
January 31st, 2008 at 10:38 amAnybody playing GOOG earnings?
January 31st, 2008 at 10:53 amFinally got rid of my BWLD Up $3 plus today? Thank you!
January 31st, 2008 at 11:07 amExclusive footage of “the walk!”
-DT
January 31st, 2008 at 11:21 amFuck you guys. I need to find new Internet friends anyways. I’ll go back to WOW if I can find a guild.
Ben has shown me his balls, and this fucker doesn’t care about the Washington or the price of jugs (milk, you sick fuckers). As long as the housing market tanks, he’s going to slash and slash.
Long banks (esp ETFC), Gold, Oil, Fert.
January 31st, 2008 at 11:29 amShort home builders and retail.
strange volume surge in BOOM, with no real price move. its been happening a lot over the last few days.
January 31st, 2008 at 11:40 amquiet around here. anyone there?
January 31st, 2008 at 11:59 am*cricket*
That’s the sound of a den full of bears when the bulls are running.
January 31st, 2008 at 12:02 pmShit, we haven’t even hit yesterdays highs. I would short more here but I need to save some cash in case we rally to 13,000 DOW.
January 31st, 2008 at 12:03 pmSteve’s back.
(That’s a top ticker)
January 31st, 2008 at 12:07 pmWhat’s that Jake? Hard to hear you from up here at the top of the staircase.
I’m not long or short, here. I’m buying the retest. Feels good sitting in cash.
January 31st, 2008 at 12:10 pmI’m going long GOOG into earns. just 100 shares at 559.99
January 31st, 2008 at 12:11 pmim going to buy goog puts…
cpm is wayyyyy down this year.
cpc is getting hurt too
(i know this space reallllllly well)
January 31st, 2008 at 12:13 pmGood luck on GOOG. Not gonna touch that one. I did pick up some STV for the earnings run.
January 31st, 2008 at 12:14 pmCan’t believe you fuckers doubted me.
All Hail Helicopter Ben.
January 31st, 2008 at 12:20 pmBears run to the hills!
January 31st, 2008 at 12:27 pmFull disclosure, I am long both UWM and ROM from yesterday; however, in watching the Russell futures, I see this march up to yesterday highs on decending volume. Careful longs. We may tap yes highs and roll over.
January 31st, 2008 at 12:28 pmCramer…. predicts… housing… shortage…. this… year….can’t… type… sticking pencil… into… my eardrums…
January 31st, 2008 at 12:45 pmGOOG is a buy here. It has reversed a double bottom breakdown. Very bullish.
January 31st, 2008 at 12:47 pmBoomer,
Nice vid. Brings me back - not to Maiden but earlier to UFO. Pulled up some early vids of UFO and Schenker - wow, what a trip down memory lane. Thanks for the reason to day dream.
January 31st, 2008 at 12:50 pmWhat it feels like to be a bear:
January 31st, 2008 at 12:51 pmMaybe he meant “affordable” or “rentable” space once the HHOD kicks in and forces peeps to leave their humble abodes with little or no (read negative) equity.
January 31st, 2008 at 12:52 pmThis is the best recession EVER.
January 31st, 2008 at 12:52 pmCrazy rednecks! No helmet and possible crash into pole if takeoff isn’t straight. Was that Ragin or Woody’s family?
January 31st, 2008 at 12:56 pmThat was the family reunion. Ragin’ and Woody are “kissing cousins”. That’s why DT always mentions that Ragin’ is gay. Woody is married so his gayness went away years ago. Make sense?
January 31st, 2008 at 12:59 pmThis recession is better than a barrel of monkeys on crack.
January 31st, 2008 at 1:01 pmAlpha,
Totally agree, the 240 min chart is a huge buy as well. Just went long.
January 31st, 2008 at 1:10 pmBWLD is looking very good today. The fat fuckers are back!
January 31st, 2008 at 1:17 pm