SFK has a small (0.02728) weighting in ABK and (0.049727) in MBI But it will participate well in the domino effect.
CNBC had a good report (for a change) on MBI and ABK, go to their website and see if you can find it worth watching. Said Mer and C will get hit hard by their bankruptcy. This is a good story to research it's impact on the financial markets and your $$$$.
Thanks to all. I've been holding short positions in both ABK and MBI for awhile, some expire today and some in Feb. I was looking for additional dominos to fall should the government not take them over and they collapse. I did see where C and MER are the current odds on favorites of the IB's to get hurt. I have also read that RNR and PRE both have sustantial reinsurance exposure to MBI. Any other ideas?
that downgrade will raise some capital requirements to mbia since they reinsured some stuff with ambac