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2008-02-25 — ft.com
'CCLIA, née, Connie Lee, is a small, bespoke student loan bond guarantor established by the US department of education - of the same ilk as Fannie Mae and Freddie Mac.
It is licensed to insure muni bonds in 47 states. And in 1997 it was bought, for $106m, by Ambac.'
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