MBIA Loses $2.3 Billion on Write-Downs
Story date: 2008-01-31 06:31:00
Added on: 2008-01-31 07:42:37
Baltimore Sun - Banks, which have reduced portfolio values by more $140 billion during the second half of 2007 in a deteriorating mortgage ... Due to rising delinquencies and defaults on mortgages, ratings agencies believe bonds and securities backed by those troubled ...
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