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Bond Insurers Post Losses on Weak RMBS 

Mar 03, 2009By

Bond insurer MBIA Inc. [stock MBI][/stock] said late Monday it had recorded a $2.7 billion net loss — or $12.29 per share — for the full year 2008, up from the $1.9 billion — or $15.17 per share — lost in all of 2007. The company said it saw $1.2 billion lost in the fourth quarter alone, although this figure showed a decline from year-ago levels, when the company posted a $2.3 billion net loss in the fourth quarter 2007.

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