The bond insurer said that quarterly net income rose to $1.7 billion on gains on derivatives, but said that business had suffered from downgrades by Moody’s and Standard & Poor’s.
mbiaMBIA Debt Is Setting Up a QuandaryNYT > Business Tue, 06/17/2008 - 20:02
Credit default swaps are taking center stage in another Wall Street drama: whether regulators will let MBIA, the big bond insurance company, renege on a promise to shore up a crucial unit with $900 million in capital. |
