MBIA's new CEO says bond insurers must split

02/22/2008 | Bloomberg · Financial Times (free content)

Jay Brown, the new chief executive of troubled MBIA Inc., said the bond insurers need to sever stable municipal guarantees from riskier asset-backed securities. Brown also said bond insurers should no longer issue credit-default swaps. Also, MBIA has left its main trade association, the Association of Financial Guaranty Insurers, over a disagreement about the industry's future.

View Full Article in:

Bloomberg · Financial Times (free content)

Published in Brief: