Calculated Risk: MBIA Posts $2.4 Billion Loss

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Monday, May 12, 2008

MBIA Posts $2.4 Billion Loss

by CalculatedRisk

From Bloomberg: MBIA Posts Loss of $2.4 Billion as CDO Slump Deepens

MBIA Inc. ... posted a net loss of $2.4 billion as the slump in mortgage securities deepened.

The beat goes on.

Posted by CalculatedRisk at 9:39 AM

Labels: Confessional, Counterparty Risk

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