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NY Says Errors Wouldn't Have Stopped $5B MBIA Restructuring

By Eric Hornbeck ( May 22, 2012, 7:05 PM EDT) -- In a bench trial Tuesday, New York's insurance regulator downplayed errors in financial information used to evaluate its approval of MBIA Inc.'s $5 billion restructuring, including a $1.4 billion accounting mistake that banks challenging the deal claim is enough to scuttle the deal....

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