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Assured Guaranty Ltd. Message Board

  • bbarberayr bbarberayr Feb 5, 2013 6:58 PM Flag

    Flagstar Decision

    AGO won $90 million of the $116 million they were after from Flagstar on $900 million in loans.

    I would assume that should make for a good day tomorrow, but you never really know how people have positioned themselves around events like this.

    It is only $90 million on a $3.5 billion market cap, but this is just the beginning. Similar lawsuits by insurers including Assured, MBIA Inc.(MBI.N) and Ambac Financial Group Inc(ABKFQ.PK) are pending against banks such as JPMorgan Chase & Co(JPM.N), Credit Suisse Group AG(CSGN.VX) and Bank of America Corp's(BAC.N) Countrywide Financial unit.

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