My main reasons for investment on abk, mbi

is insider buying and third avenue\'s analysis. I am anxious to wait for third avenue\'s quarterly report to come out, it came out last year on 10/30, but not out yet for this year.

ABK, MBI were attacked first by shorts, but they are still standing after nearly an year, some of banks were dead shortly after attack. This shows some resilience. There is no bank run for insurers, at most you can do is to stop next payment. Of course, posting collateral can mean a liquidity crisis for ABK.

Starting Oct, financial crisis spilled over to real world economy, I am not that confident anymore about mortgages. I am wondering how big an impact job loss can have on foreclosure. Deteriorating job market is a new development, worth to watch and adjust our investment. So I am planning to gradually reduce my exposure on abk, mbi and ago. I am almost 100% in them with margin, scary!

I also like to know muni bonds performance in past economy crisis. If anybody can help me in this regard, I would appreciate it very much.

Finally, abk, mbi\'s fate are tightly coupled with rescue effort put out by Fed and treasury department, following on news about this is very important too.