Confidence Game - Christine Richard [170]
Jay Brown, letter to owners of MBIA Inc., Mar. 9, 2008.
Eric Martin and Michael Patterson, “Ambac, Thornburg Reverse Last Week’s Last-Minute Rise,” Bloomberg News, Mar. 10, 2008.
CHAPTER 24 JUDGMENT DAY
Hearing of the House Committee on Financial Services, “Municipal Bond Turmoil: Impact on Cities, Towns, and States,” chaired by Rep. Barney Frank (D-MA), Mar. 12, 2008.
Jonathan Laing, “Weapons of Mass Speculation,” Barron’s, May 12, 2008, p. W24.
David Einhorn, “Private Profits and Socialized Risk,” Grant’s Spring Investment Conference, New York City, Apr. 8, 2008.
Chrystia Freeland and Aline van Duyn, “View from the Top: Eric Dinallo, New York State Insurance Superintendent,” FT.com video, Apr. 4, 2008.
Christine Richard, “MBIA Keeps $1.1 Billion Raised to Save Insurer Triple-A,” Bloomberg News, May 7, 2008.
Rob Haines, “Ambac & MBIA: Sinking on Second Lien Slime,” CreditSights, May 21, 2008.
Douglas Renfield-Miller, Executive Vice President, Ambac Financial Group Inc., presentation at the Keefe, Bruyette & Woods Diversified Financial Services Conference, New York City, June 4, 2008. Bloomberg transcript.
Ward Morehouse III, Inside the Plaza: An Intimate Portrait of the Ultimate Hotel (New York: Applause Books, 2001), p. 172.
Mark Lane and Rachel Carter, “Moody’s Set to Downgrade Ambac and MBIA, All But Ends Any Hope of Revival; Assured Guaranty Appears Safe for Now,” William Blair & Company, June 5, 2008.
CHAPTER 25 THE NUCLEAR THREAT
Rob Haines, “Ambac and MBIA: The Siege on the AAA Is Over,” CreditSights, June 8, 2008.
Christine Richard, “Ackman Foresaw MBIA Drop, Is Short Financial Security,” Bloomberg News, June 19, 2008.
Rob Haines, “Monoline Statutory Surplus: Levels Drifting Towards Regulatory Limits,” CreditSights, June 8, 2008.
Jay Brown, letter to owners of MBIA Inc., Business Wire, June 11, 2008.
William Ackman, presentation, “How to Save the Policyholders,” New York City, June 18, 2008.
William Ackman, letter to MBIA Inc. and MBIA Insurance Corp. board of directors, “Re: Bankruptcy,” June 27, 2008.
Solomon Samson, “Playing Out the Credit Cliff Dynamic,” Standard & Poor’s, Dec. 12, 2002.
William Ackman, interview on Squawk Box, CNBC, July 15, 2008.
Martin J. Whitman, Third Avenue Value Fund, “Letter to Our Shareholders: Third Quarter Commentary,” July 31, 2008.
Eric Dinallo, “Tackle False Rumours About Insurance Companies,” Financial Times, July 31, 2008.
MBIA Inc. second quarter earnings conference call, Bloomberg transcript, Aug. 8, 2008.
Ambac Financial Group, second quarter 2008 earnings conference call, Bloomberg transcript, Aug. 8, 2008.
Christine Richard, “ACA Terminates $65 Billion of Credit Default Swaps,” Bloomberg News, Aug. 8, 2008.
Merrill Lynch & Co. Inc. second quarter earnings conference call, Bloomberg transcript, July 17, 2008.
EPILOGUE
Charlie Munger, interview with Betty Liu on Bloomberg Television, May 4, 2008.
Jay Brown, letter to shareholders, MBIA Inc. 2008 Annual Report.
Martin J. Whitman, Third Avenue Value Fund, “Letter to Our Shareholders: Third Quarter Commentary,” July 31, 2009.
ABN AMRO Bank N.V.; Barclays Bank PLC; BNP Paribas; Calyon; Canadian Imperial Bank of Commerce; Citibank, N.A.; HSBC Bank USA, N.A.; JPMorgan Chase Bank, N.A.; KBC Investments Cayman Islands V Ltd.; Merrill Lynch International; Bank of America, N.S.; Morgan Stanley Capital Services Inc.; Natixis; Natixis Financial Products Inc.; Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., New York Branch; Royal Bank of Canada; The Royal Bank of Scotland PLC; SMBC Capital Markets Limited; Societe Generale; UBS AG, London Branch; and Wachovia Bank, N.A. v. Eric Dinallo, MBIA Inc., MBIA Insurance Corporation and National Public Finance Guarantee Corporation, New York Supreme Court, New York County, May 13, 2009. Docket No. 6010475.
Financial Guaranty Insurance Co. v. IKB Deutsche Industriebank AG, New York Supreme Court, New York County, Dec. 29, 2008. Docket No. 600704/08.
Master File No. 07 Civ. 9901 (SHS) United States District Court Southern District of New York. In