http://www.forbes.com/topstories/ho...TIMONY-UPDATE-2-EXCLUSIVE-TO-CURTAIL-MAR.html
NEW YORK (Reuters) - MBIA Inc (nyse: MBE - news - people ) plans to urge lawmakers and regulators to curtail what the bond insurer calls "the unscrupulous and dangerous market manipulation activities of short sellers," according to a copy of written testimony obtained by Reuters.
The testimony, prepared for a Feb. 14 hearing before a subcommittee of the U.S. House Committee on Financial Services, specifically mentions Bill Ackman, founder of hedge fund Pershing Square Capital Management. Ackman has been vocal about its short position in the bond insurers.
But MBIA's testimony does not limit its criticism to short-sellers.
NEW YORK (Reuters) - MBIA Inc (nyse: MBE - news - people ) plans to urge lawmakers and regulators to curtail what the bond insurer calls "the unscrupulous and dangerous market manipulation activities of short sellers," according to a copy of written testimony obtained by Reuters.
The testimony, prepared for a Feb. 14 hearing before a subcommittee of the U.S. House Committee on Financial Services, specifically mentions Bill Ackman, founder of hedge fund Pershing Square Capital Management. Ackman has been vocal about its short position in the bond insurers.
But MBIA's testimony does not limit its criticism to short-sellers.