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MBIA (MBI -1.3%) investors might be interested in BofA's (BAC) acknowledgement it has...

MBIA (MBI -1.3%) investors might be interested in BofA's (BACacknowledgement it has increased litigation reserves associated with the monoline insurers, writes BTIG. Key to MBIA will be whether a judge approves the $8.5B settlement over $108B in Countrywide-related mortgage losses. This ratio is key, and if a judge feels it should be higher, the "hyenas (will) come to feast."
Comments (2)
  • 8.5 cents on the dollar is too high for these lawsuits.
    17 Apr 2013, 03:43 PM Reply Like
  • I thought the judge was to decide on the $8.5 Bn by the end of March? Also, what effect does BAC's purchase of MBIA bonds have on the outcome?
    18 Apr 2013, 08:58 AM Reply Like
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