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Assured Guaranty Ltd. Message Board

  • prophet43m prophet43m Apr 26, 2011 11:10 PM Flag

    BofA Settlement

    I know that BofA announced an $1.6 billion put-back settlement with a bond insurer(ers) and that FSA was mentioned.

    Has anyone actually confirmed the AGO/FSA received the full $1.6 billion it possible that the $1.6 billion settlement amount included more than one bond insurer?

    If nothing else, I guess we'll know for sure on May 10 when AGO reports earnings.

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    • I don't think the BOA Settlement will be included in the 1st Qtr Earnings Announcement, however, they will likely give it mention in the conference call. As I recall, the first installment of the settlement will occur at the end of May 2011.

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