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|Subject: Re: MBIA Bonds?||Date: 12/13/2012 9:48 PM|
|Author: howardgt||Number: 34556 of 35367|
I hold both the 6.4's of 22 and 7.15's of 27 issues. My cost for both are in the the high 70's. They are both trading around 80 today. I pocketed the $5 consent fee on both.
Now that MBIA has won "consent approval" from their bondholders, I think they are in the catbird seat concerning the ongoing litigation with BAC. I read that CriditSights predicted that BAC will settle in early 2013.
Things seem to be looking up and I'm comfortable with these positions.
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