BargainValueHunter Posted February 2, 2011 Share Posted February 2, 2011 http://www.bloomberg.com/news/2011-02-01/berkowitz-says-he-s-all-in-on-aig-transcript-.html Well, we are about 20 percent of MBIA, like the management team, what they are doing now. I mean, MBIA serves a very valuable function in insuring certain bonds and especially when you think about municipal bonds, say, or the state of municipalities. Municipalities, down the road, are going to need MBIA’s insurance guaranty. Now right now with - the Company is, I think, finishing issues that they’ve had with past issuers. There’s a bunch of lawsuits going on, but that’s all - in my opinion, that’s all going to be cleared up this year. It has to be so everyone can move forward. And then, you’re going to find an MBIA that is - who kept its word every insured has been paid what they’ve been due. So, what they’ve insured that went bad, the insured’s been paid. Link to comment Share on other sites More sharing options...
valuecfa Posted February 3, 2011 Share Posted February 3, 2011 My favorite part of his analysis: BERKOWITZ: They’re worth significantly more just liquidating and just slowly dying a death, just running off the business, but that’s not going to happen. They’re going to have a vibrant new business, which is going to make them worth that much more. Link to comment Share on other sites More sharing options...
txlaw Posted February 3, 2011 Share Posted February 3, 2011 Thanks for posting. How great would it be if MBIA is able to start writing business right when pricing on muni insurance hardens? Link to comment Share on other sites More sharing options...
BargainValueHunter Posted March 3, 2014 Author Share Posted March 3, 2014 From earlier today... http://www.bloomberg.com/video/berkowitz-no-debate-fannie-freddie-are-private-0c5lhxPuRXesmYu1yVr3mA.html Link to comment Share on other sites More sharing options...
indythinker85 Posted March 3, 2014 Share Posted March 3, 2014 WSJ interview with Berkowitz http://blogs.wsj.com/moneybeat/2014/03/03/qa-why-berkowitz-is-unhappy-with-fannie-freddie-directors/?mod=WSJBlog Link to comment Share on other sites More sharing options...
Grenville Posted March 3, 2014 Share Posted March 3, 2014 From earlier today... http://www.bloomberg.com/video/berkowitz-no-debate-fannie-freddie-are-private-0c5lhxPuRXesmYu1yVr3mA.html Thanks for posting! Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 3, 2014 Share Posted March 3, 2014 any insights worth sharing? Link to comment Share on other sites More sharing options...
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