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MBIA Inc. Message Board

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  • nilsdegraaf nilsdegraaf Nov 17, 2009 11:33 AM Flag

    when will this POS stop bleeding?

    I guess the same mortgage collateral pops up in these CDO's as well? I.e. the Countrywide, Rescap and Indymac originated Heloc and CES's?

    I don't see why you can't argue that in these deals 67% of the loans suffers from breaches of reps & warranties as well.

    If MBIA has taken reserves against these deals they can be highly confident that recoveries will come their way.

    Anybody any idea about the magnitude of these breaches and the possible recovery for MBIA?

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