MBIA Using $5B Breakup To Coerce Settlements, Banks Say
By Eric Hornbeck ( June 1, 2012, 5:29 PM EDT) -- Banks crying foul over New York regulators' approval of MBIA Inc.'s $5 billion restructuring said during a bench trial Friday that the deal was a ruse to pressure structured finance policyholders to settle their claims for less than they were worth....
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