Thursday, January 31, 2008

MBIA posts $2.3 billion loss (Reuters)



A sign offering foreclosure assistance in the Green Valley Ranch development in Denver, July 26, 2007. MBIA, a bond insurer struggling to maintain the top credit ratings necessary for its business, posted a fourth-quarter loss on Thursday after a $3.5 billion write-down. (Rick Wilking/Reuters)Reuters - MBIA Inc, a bond insurer
struggling to maintain the top credit ratings necessary for its
business, posted a fourth-quarter loss on Thursday after a $3.5
billion write-down.




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