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hercules16

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hercules16

Re: Joe Stocks post# 36348

Friday, 02/22/2008 5:16:38 PM

Friday, February 22, 2008 5:16:38 PM

Post# of 77456
I think that maintaining the insurance backstop on AAA securities is critical to stabilizing the financial markets (and also the stock\financial stocks in general). A plan that keeps ABK\MBI solvent is critical to stabilizing the credit\financial markets IMO.

If you're short the financials, busting ABK\MBI is exactly what you have to hope for. If you can get all the financials to mark-to-market and assume that their securities are "A" rated rather than "AAA" rated you can make some serious money.

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