MBIA-Like Split Helps Some, Hurts Others

16 Mar 2009

The kind of company split MBIA recently announced to separate its municipal bond service from its structured finance business benefits some and hurts others, according to Sean Dilweg, the Wisconsin insurance commissioner.

The kind of company split MBIA recently announced to separate its municipal bond service from its structured finance business benefits some and hurts others, according to Sean Dilweg, the Wisconsin insurance commissioner. Dilweg, who oversees Ambac Financial Group’s main insurance unit, said MBIA’s decision will hurt the holders ...

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