Can MBIA (MBI) Survive?

Marty Whitman's Big Bets: Buying MBI

http://www.cnbc.com/id/15840232?video=613034036

Marty Whitman had a long career in bankruptcy analysis. But he was wrong before about USG. His error at that time was being too conservative selling out the stock and betting on the bonds. This time, Marty became very aggressive in the subprime mess. Capital infusion was his operative word.

Bill Ackman of Pershing Square Shorting MBI:

http://pershingsquare.valueinvestingcongress.com/files/How%20to%20Save%20the%20Bond%20Insurers.pdf

We agree with Marty that Mr. Ackman is a great salesman. But looking at Bill's trackrecord and his past analysis in a couple of situations, we think Mr. Ackman is quite thorough at investment analysis as well. In terms of experience in the bankruptcy field, we do think Marty has an upper hand.

Now that Warren Buffett stepped into the bond insurance game, would his move make it easier for MBIA to find new capital infusion that Marty is talking about?

Is MBI a case too hard for us? Who do you think is right here?

Please post your comments.