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MBIA Refuses to Downstream Cash, Uses CDS Fears to Defy Regulators

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2008-06-18nakedcapitalism.com

"Let me tell you, if we have a revolution in the next decade, one of the triggers will have been the flagrant disregard shown by big players like MBIA for regulations, legal commitments, and fair dealing. I'm not surprised to see financially oriented sites calling for mass protests (but not yet against bond guarantors)."


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