A little natural gas, and a lot of hot air.
Photo (c) 2009 Rebecca Abel Worple:
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Friday, August 8, 2008
Squawk Box and MBIA Just Now
MBIA -- after 3 minutes of talk, CNBC finally gets it that the hedging gains are unrealized. The complete thought is not stated or discovered. BUY BACK STOCK WITH CASH BECAUSE OF UNREALIZED GAINS??? ARE YOU GUYS (MBIA) IDIOTS???