8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): September 11, 2008 (September 8, 2008)

MBIA INC.
(Exact name of registrant as specified in its charter)

Connecticut	1-9583	06-1185706
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

113 King Street, Armonk, New York	10504
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:
914-273-4545

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02.     DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

David M. Moffett has resigned from the Board of Directors of MBIA Inc. (the “Company”), effective September 8, 2008, due to his appointment as the new Chief Executive Officer of Freddie Mac.  Mr. Moffett was elected to the Company’s Board of Directors in May 2007 and served as Chairman of its Audit Committee and as a member of its Credit Risk Committee.

Item 7.01.     REGULATION FD DISCLOSURE.

The Company issued a press release on September 10, 2008 and the Chairman and Chief Executive Officer of the Company received a resignation letter from David M. Moffett dated September 8, 2008. Copies of the press release and the letter are attached hereto as Exhibits 99.1 and 99.2, respectively.

The information in the press release and the letter is being furnished, not filed, pursuant to Item 7.01 of Form 8-K. Accordingly, the information in Item 7.01 of this Current Report, including Exhibits 99.1 and 99.2, will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.

Item 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

99.1	Press Release issued by MBIA Inc. dated September 10, 2008.
99.2	Letter from David M. Moffett dated September 8, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		MBIA INC.
		By:	/s/ Ram D. Wertheim
			Ram D. Wertheim
			General Counsel
Date:	September 11, 2008

EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
Dated September 11, 2008

Exhibit 99.1	Press Release issued by MBIA Inc. dated September 10, 2008.
Exhibit 99.2	Letter from David M. Moffett dated September 8, 2008.

EX-99.1

Exhibit 99.1

David M. Moffett Resigns from MBIA Board of Directors Following Appointment as CEO of Freddie Mac

ARMONK, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE: MBI) today announced that David M. Moffett has resigned from MBIA’s Board of Directors following his appointment as the new Chief Executive Officer of Freddie Mac. Mr. Moffett was elected to MBIA’s Board of Directors in May 2007 and served as Chairman of its Audit Committee and as a member of its Credit Risk Committee.

“Freddie Mac has an outstanding person to lead them forward,” said Jay Brown, MBIA Chairman and CEO. “David’s wealth of experience in finance and accounting has been invaluable to MBIA, particularly as we evaluated and increased our capital position and began the transformation of the business for the future. We wish him much success in his new role in bringing stability to the mortgage and housing markets.”

“We are grateful to David for his leadership of the Audit Committee, as well as the expertise and commitment he brought with him,” said Dan Kearney, Lead Director of the MBIA Board. “Our loss is truly Freddie Mac’s gain. Clearly he is superbly qualified for this important position and we will miss him as a Board member.”

This release contains statements about future results that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are not guarantees of future performance. There are a variety of factors, many of which are beyond MBIA's control, which affect the operations, performance, business strategy and results and could cause its actual results to differ materially from the expectations and objectives expressed in any forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date they are made. MBIA does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made. The reader should, however, consult any further disclosures MBIA may make in its future filings of its reports on Form 10-K, Form 10-Q and Form 8-K.

MBIA Inc., through its subsidiaries, is a leading financial guarantor and provider of specialized financial services. MBIA's innovative and cost-effective products and services meet the credit enhancement, financial and investment needs of its public and private sector clients, domestically and internationally. Please visit MBIA's Web site at www.mbia.com.

CONTACT:
MBIA, Media:
Kevin Brown, +1-914-765-3648
or
Elizabeth James, +1-914-765-3889
or
MBIA, Investor Relations:
Greg Diamond, +1-914-765-3190
or
APCO Worldwide, Media:
Jim McCarthy, +1-202-333-8810

EX-99.2

Exhibit 99.2

[Freddie Mac logo]

September 8, 2008



Mr. Jay Brown
Chairman of the Board
MBIA, Inc.
113 King Street
Armonk, New York 10504

Dear Jay:

I am submitting my resignation from the Board of Directors of MBIA, Inc. to be effective today, September 8, 2008.

I am submitting this resignation in light of my new responsibilities as Chief Executive Officer of Freddie Mac.

I have thoroughly enjoyed my time on the Board and wish all my colleagues on the Board and the management team the very best. MBIA has a great team and I am very proud to have been associated with you.

Sincerely,



/s/ David M. Moffett
David M. Moffett
Chief Executive Officer