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Bought 800 MBI at the market price

From MBI's 8-K on 7/26: "We have carefully reviewed our credits backed
by residential mortgages and remain comfortable with our exposure to
that sector."

MBI to do a webcast tomorrow on RMBS, I will plan to listen in. In the meantime, I am increasing my position to 70% of my planned maximum, relying on the last information I have from the company as to its subprime exposures.

Wednesday August 01, 2007 : 10:36 AM

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