Insider Trades - FALLON WILLIAM C

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FALLON WILLIAM C: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
M B I A INC Officer NYSE:MBI (historical quotes, profile, other insiders)	5-Mar-09	72,912	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
5-Mar-09 50,000 MBI Purchase at $2.37 - $2.4 per share.
(Cost of about $119,000)
10-Feb-09 13,403 MBI Disposition (Non Open Market) at $0 per share.
5-Mar-08 5,000 MBI Disposition (Non Open Market) at $0 per share.
4-Mar-08 7,000 MBI Purchase at $12.43 per share.
(Cost of $87,010)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
5-Mar-09	50,000	MBI	Purchase at $2.37 - $2.4 per share. (Cost of about $119,000)
10-Feb-09	13,403	MBI	Disposition (Non Open Market) at $0 per share.
5-Mar-08	5,000	MBI	Disposition (Non Open Market) at $0 per share.
4-Mar-08	7,000	MBI	Purchase at $12.43 per share. (Cost of $87,010)