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Bank of America Beats Up Ailing Mortgage Insurer (BAC, MBI):
'via Blog this'
"...The insurer, however, has a couple of rays of hope. For one thing, B of A's ruse won't work unless it is able to buy up a majority of the bonds. Failing that, some have noted that going to court will be chancy for the big bank, since an adverse ruling on successor liability will open up Bank of America to oodles more lawsuits from investors claiming fraud stemming from its Countrywide unit."
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