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Blogging to add value. Sharing and discussing helpful websites, money, stocks, etc.

MTG looks like a good short here

MTG a private mortgage insurer looks like an attractive short.  MTG has held up and I think is over priced and should go to zero.  The company should be worthless when all is said in done by normal accounting standards.  If competition is allowed, a recession takes hold, and accounting standards are enforced MTG could go to zero   I hope the government progresses in its fight with greed.  I do worry because they recently allowed banks to take assets/debts to off balance sheets to be able to continue to loan money other wise not meeting correct  reserve requirements.

entertainment purposes only 

February 5, 2008 - Posted by | Uncategorized | , , , , , , , , , , , ,

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