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Big bond insurer MBIA says rescue plan isn&x27;t needed as officials warn of spreading crisis - February 14, 2008

"Millions of average Americans, who own (municipal) bonds either directly or through mutual funds, and who viewed them as a low-risk investment, have lost or potentially could lose money even though the underlying bonds have not defaulted" WASHINGTON : A major U.S. bond insurer told Congress Thursday it has adequate capital to survive industrywide distress and that neither a bailout nor tighter federal regulation is needed. via International Herald Tribune
http://www.topix.net/who/charles-chaplin/2008/02/big-bond-insurer-mbia-says-rescue-plan-is...
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