Feb
22nd
Fri
22nd
MBIA breaking up too
From Dealbook.
MBIA, the world’s largest bond insurer, said Thursday that it was withdrawing from the Association of Financial Guaranty Insurers, citing disagreement on the future direction of the bond insurance industry.
MBIA, based in Armonk, N.Y., has been struggling to preserve the triple-A credit ratings it needs to keep winning new business, as losses mount from its coverage of debt tied to subprime mortgages.
Joseph W. Brown, who replaced the ousted Gary C. Dunton this week as…
