MBIA (MBI -17.6%) falls as Bank of America (BAC) offers par for the company's outstanding bonds....

|About: MBIA Inc. (MBI)|By:, SA News Editor

MBIA (MBI -17.6%) falls as Bank of America (BAC) offers par for the company's outstanding bonds. The two companies are tied up in a legal battle in which MBIA is depending on payments in the billions from BofA for mortgage putbacks, but the bank's control of MBIA's debt may throw that into question. (PR)