Saturday, June 21, 2008
Yves Smith on MBIA
Yves Smith (YS) at Naked Capitalism has 18 and 19 June 2008 posts worth reading on MBIA I have nothing to add to, 18, www.nakedcapitalism.com/2008/06/mbia-refuses-to-downstream-cash-uses.html. They show how desparate MBIA must be to stay alive and how NY's Insurance Commissioner is reluctant to kill it. 19, www.nakedcapitalism.com/2008/06/mbia-lies-in-attacks-on-new-york-times.html. Way to go YS!