BofA (BAC) Pressures MBIA to Avoid Payments... And It's Working
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May 2, 2013 11:10 AM EDT
Given recent speculation surrounding MBIA, Inc. (NYSE: MBI) in its ongoing litigation with Bank Of America's (NYSE: BAC) Countrywide, could the institution actually be a Buy given the circumstances?
BTIG thinks so. The firm points out that many media releases are understating the actual position MBIA is in. Last November, MBIA instituted a consent solicitation, effectively splitting-off MBIA Insurance risk from holdco and MBIA's municipal unit, National Public Finance Guarantee Corp.
Given the move, BTIG thinks that the value in MBIA is derived solely... More
November 14, 2012 3:20 PM EST
Gainers:
Global X Social Media Index ETF (NYSE: SOCL) gained 0.55 percent as shares of Facebook (Nadaq: FB) took off. FB stock came out of the gate strong this morning and continued higher for... More
