If you have no clue who Bill Ackman is you should because he is a smart pit bull kind of guy who has his bite tight against the truth and his money is locked around the necks of MBIA AND AMBAC and he has no bias toward each, other than the truth he is shorting against them and that truth is the rating agencies are sugar coating the reality of their financial structure and soundness. The regulators are playing games and he is betting that when the truth hits he will profit from the lies and these insures will not get enough backing. He has already caught the management team of one of these companies in an apparent lie about losses. Watch the video and you will hear what he has to say about what he has found.
Watch this video for a reality check. You decide how you feel about the future. I am in self imposed therapy right now and on break. I might be on break but I can't stop digging for the truth. You ask yourself if it sounds like some one is lying to the American public and trying to cover this thing up.
Why have I been a bear so long? Because the cold winters truth is not even out yet as the FED plays game with sugar coating the coming future and the media plays hoopla with rate cuts that mean nothing in the long run if these bond insures go belly up and then also later to be found lying on top of it the whole time which to me sounds like a good possibility. They are either lying are acting real dumb about how much money they have lost or both, then again maybe it's so bad they have no clue where they stand. The rate cuts will not mean a thing for a long time to come if the truth does not come out within the next two weeks on MBIA and AMBAC and Moody's and S&P better get it right. That's all we need in tomorrows headlines is to find the rating agencies mis judged or made drastic mistakes accessing these two companies properly. Did I say I am on break for the next two weeks at least?
I am going with Bill Ackman and his opinion because he has his money backing his thoughts and study of the situation.
Love always,
V.
4 comments:
I also agree with Bill Ackman. You can read his full presentation about the insurers here:
http://pershingsquare.valueinvestingcongress.com/
Also if anyone is interested in more information I have assembled a website with lots of information regarding Mbia, Ambac, Moody's and S&P rating agencies here:
http://downgradetheinsurers.wordpress.com/
Thanks for the help and the info, I appreciate it greatly.
V.
You guys are all full of BS..
Have you really read the must disclosure put out by Ackman's farm. If you did, then you would know that all the data that his farm used which were provided my so called 3rd party market participants were not verified. And he is betting bilions of dollard based on unverified data??s Now tell me who is the fool??
Wilbur Ross, who has looking at potential investment in the bond insurers noted this morning (2/5)that Bill Ackman was trying to perform a "public service" by exposing the huge risks in that sector. He also noted that it was going to take government involvement, not just banks and individual investors, to solve the crisis. Wilbur Ross has been deeply involved in the numbers of this situation so I trust what he says. I think V is right on. K
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