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MBIA Inc. Message Board

  • nasa_rss nasa_rss Mar 5, 2013 4:18 PM Flag

    Queston on BAC lawsuit

     

    If MBIA is owed $3 billion in insured bank of america MBS claims and if bank of america is owed $6 billion in derivatives insured by MBIA that went bad. Then is not the NET result MBIA owes Bank of America $3 billion ($6 - $3 billion)?

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