And, more importantly, why is the stock up so much today? I can't make heads or tails of the below description. Any common sense explanation of what this company actually does would be greatly appreciated. *** MBIA, Inc., through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services. The Insurance segment issues financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, bonds backed by publicly or privately funded public-purpose projects, bonds issued by sovereign and sub-sovereign entities, obligations collateralized by diverse pools of corporate loans, and pools of corporate and asset-backed bonds in the new issue and secondary markets. It also insures credit default swaps on pools of collateral, as well as provides asset/liability products, which include investment agreements and medium-term notes not related to the conduit programs; advisory services, which consist of third-party and related-party fee-based asset management; and conduit programs. The Investment Management Services segment offers cash management, discretionary asset management, and fund administration services, as well as investment agreement, medium-term note, and commercial paper programs related to funding assets for third-party clients and for investment purposes. Its products and services are provided to the public, not-for-profit, and corporate sectors. MBIA was founded in 1973 and is headquartered in Armonk, New York.