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MBIA Exploring Break-Up, Too; Brings Back Former Chief in Effort to Stave Off Ratings Cut 

Feb 19, 2008By

The soap opera that has become the nation’s bond insurance market took another turn this morning, with the nation’s largest insurer saying that it had brought back its former CEO in an effort to stave off a ratings cut — and to explore the possibility of breaking up the insurer’s structured finance and municipal debt businesses.

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