MBIA (MBI) looks to have come close to default, with NY State denying its request to make a...

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

MBIA (MBI) looks to have come close to default, with NY State denying its request to make a scheduled interest payment due today. "No interest will accure on the deferred interest," according to the 8-K. Initially diving on the news, shares have returned to about unchanged.