CNBC-MBIA Swings to Huge Loss of $2.4 Billion

MBIA from Wikipedia

MBIA is a monoline insurer primarily of municipal bonds and on asset- and mortgage-backed securities, a form of credit enhancement.

MBIA about themselves

As a world class manager of credit risk, we help our clients achieve their financial goals by providing Triple-A credit protection and global markets access, innovative funding solutions and superior asset management services.

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