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FGIC Says Ally Lied To Get Coverage For $4B MBS Sales

By Samuel Howard (November 30, 2011, 7:18 PM EST) -- Financial Guaranty Insurance Co., the subsidiary of bankrupt insurance holding company FGIC Corp., on Tuesday unleashed three lawsuits against Ally Financial Inc.'s mortgage units, claiming they lied to obtain policies covering the sale of $3.8 billion of mortgage-backed securities and otherwise breached their insurance contracts....

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