Fair play to Radian (NYSE:RDN) management. A couple of years ago, staring down the barrel of a liquidity and capital crisis, they must have outlined a strategy with two ends:
The plan has worked. Despite telling investors on its 4th quarter 2012 conference call that a 2013 return to profitability meant risk-to-capital would remain below 25 to 1, the level required by regulators, they have now decided...
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