MBIA Loses $2.3 Billion on Write-Downs (IWon - Money)
Story date: 2008-01-31 07:41:16
Added on: 2008-01-31 07:42:27
NEW YORK (AP) — MBIA Inc. reported write-downs of $3.5 billion on souring credit markets Thursday, exacerbating concerns that rising costs could squeeze local governments as well as slow any recovery for big banks.
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