What are the chances a big investor such as Bill Ackman could be shorting MBIA stock based on his history with its management and his recent tease comments in October stating its a “good for ‘America’ short and the sooner this company goes out of business, the better off the country will be”. I haven’t come across a single investment article even remotely examining this possible premise, especially in light of the recent MBIA stock performance since October’s comments and recent strategic moves by BAC designed to draw out the legal process in its ongoing legal battle you have so eloquently covered in your previous articles. We all know investors such as Ackman, Einhorn etc have access to company executives that you and I are not given and perhaps someone like Ackman is privy to BAC’s strategy to take MBIA to the limit and run out the clock and with such knowledge, can participate in and accelarate the downside based on a public acrimonious relationship with MBIA’s CEO Jay Brown. What are your thoughts?

Regards,
Robert Palish