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MBIA breaks ties with trade association

MBIA has pulled away from the Association of Financial Guaranty Insurers, saying it no longer shared the trade association’s views.

MBIA Inc. has pulled away from the Association of Financial Guaranty Insurers.
The Armonk, N.Y.-based bond insurer said that it no longer shared the trade association’s view on the direction the bond insurance industry should take going forward.
Jay Brown, newly appointed chairman and chief

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