Posts Tagged ‘mbia’

MBIA Sues To Get Out Of CDS Exposure

When in doubt kick ‘em when they’re down. That might as much as anything might be the rationale behind MBIA’s suit to void credit default swaps it sold to Merrill Lynch. MBIA is seeking to void half of its $5.7 billion of CDS that it sold to Merrill and recover payments made to counterparties. From [...]

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