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Banks Ask NY To Review MBIA's Books After $5.4B Fraud

By Evan Weinberger ( January 12, 2012, 12:18 PM EST) -- Banks suing MBIA Inc. over $5.4 billion in alleged fraudulent transfers during its 2009 restructuring said Wednesday that the bond insurer was on the brink of failure and asked New York state financial regulators to launch an independent review of its insurance arm....

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