MBIA Says $5B Split Meant to Revive Municipal Bond Market
By Eric Hornbeck ( June 4, 2012, 6:45 PM EDT) -- MBIA Inc. said Monday during a bench trial that the purpose of state regulators' 2009 approval of the monoline insurer's $5 billion restructuring was to unfreeze the public finance markets while still protecting the very bank policyholders now challenging the approval....
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