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3 days in arrow of new lows. This may be the worst week since the first week of aug tank.

Sovereign funds may enter U.S. bond insurer fray Cerberus, two banks join Ambac bailout-CNBC doesn't sound like anything is finalized if Dinallo is still looking for investors.

I've been long and short abk mbi over past few months. Currently flat

Moody's confirms MBIA insurance unit's "Aaa" rating Moody's outlook for the company is negative, indicating a downgrade is still possible over the next 12 to 18 months.

Fears that $3bn may not be enough to save Ambac Tom Bawden in New York A proposed $3 billion (£1.5 billion) bailout of Ambac, the bond insurer, by a consortium that includes Barclays and Royal Bank of Scotland could be at least a week away and may not be enough to rescue the firm. The...

GS says SCA's ability to write new business a concern http://www.reuters.com/article/marketsNews/idESBNG30709920080226?rpc=44

"The report notes that bond insurers' ratings could hit a ``slippery slope'' because their liquidity is subject to ratings triggers at the AA- and A- ratings levels. " What a joke. This crap will drag on for months and years. Citi, Merrill Bond-Insurer Exposure Risks Downgrades...

MBIA Issues Letter to Owners Last update: 16 minutes ago 2/25/2008 5:37:01 PMARMONK, N.Y., Feb 25, 2008 (BUSINESS WIRE) -- MBIA Inc. (MBI): Dear Owners: In my first letter to you last Tuesday the 19th, I told you that I believe the structure of the financial guarantee industry...

Brown also warned that MBIA may take another charge during the first quarter related to the market value of some of the company's credit derivatives transactions.

This is a total comedy. 5 years to split company?? irregularities in accounting? bumpy ride for months or longer? UGLY MBIA Plans to Split Asset-Backed, Municipal Units (Update1) By Christine Richard Feb. 25 (Bloomberg) -- MBIA Inc., seeking to stave off a crippling credit rating...

Ambac Still Needs Ratings Firms To Approve Rescue By Charles Gasparino, CNBC On-Air Editor | 25 Feb 2008 | 02:14 PM ET A consortium of banks has largely finalized a deal to recapitalize troubled bond insurer Ambac Financial Group and is now trying to sell the plan to the rating agencies to...

these CDO prices are insane. You have to believe the bagholders are goin to have to confess to more writeoffs asap

Taken out to woodshed again. more new lows. 2007 AA down to 28!!

MBIA Inc. Eliminates Quarterly Dividend to Preserve $174 Million, Further Strengthening Financial Resources and Increasing Operating Flexibility CNBC Gasparino says AAA rating have 1 week shelf life until insurer bailouts are reviewed.

ABK AMBAC Fincl: Any AMBAC Financial Group deal would likely be early next week, according to person briefed on the matter - Reuters (10.76 +0.05) -Update- lots of hype, no substance.

The monoline clock is ticking By Francesco Guerrera, Aline van Duyn and Ben White Published: February 21 2008 18:10 | Last updated: February 21 2008 18:10 The poker game whose outcome could break the $2,400bn bond insurance industry and saddle Wall Street with billions of dollars in...

Whitney and colleague Kaimon Chung also cut their earnings estimates on large U.S. East Coast banks by an average of 29 percent for 2008 and 13 percent for 2009.

Gasparino says word is they are waiting on Rating Agencies to rate the deal AAA. But the real question is: Even if the rating agencies give it a AAA now will they reconsider their ratings endlessly on every step down in the housing market?

C cut @ oppenheimer sees .70 vs 2.90 consensus for 2008. Meredith Whitney strikes again. Sees 30% drop in C shares.

Flashback: Good Book, Bad Book Liz Moyer, 02.15.08, 2:30 PM ET Financial Guaranty Insurance Co. told New York State insurance regulators Friday it would file a formal request to split itself in half, creating a new company that would house its municipal bond business to shield it from...