New York

MBIA: No Bailout Needed, But We Could Use Some Help with Those Pesky Short Sellers 

In testimony delivered today to the House Financial Services subcommittee on capital markets, MBIA CFO Charles Chaplin blamed ‘activist’ short sellers for much of the company’s current predicament, and said that the maligned bond insurer was “well-capitalized” and not in need of any bailout attempt.