mbi
MBIA sold $4 bln of assets to meet obligations
MBIA sold $4 bln of assets to meet obligations July 1st, 2008 By Joan Gralla NEW YORK (Reuters) - MBIA Inc (MBI ... of our insurance policies, GICs (guaranteed investment contracts), medium-term notes and other debt instruments
Ouch!
http://www.reuters.com/article/bondsNews/idUSN3052695320080430 NEW YORK, April 30 (Reuters) - U.S. bond insurers, including MBIA Inc (MBI.N: Quote, Profile, Research) and Ambac Financial Group (ABK.N: Quote, Profile, Research), will likely need to make new interest payments for structured deals back ...