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Banks Say MBIA's $5B Breakup Will Affect Homeowners

By Eric Hornbeck ( May 31, 2012, 7:57 PM EDT) -- Bank of America Corp. and Societe Generale SA told a New York state judge Thursday that their lawsuit over state regulators' 2009 approval of MBIA Inc.'s $5 billion restructuring will affect not only the banks, but everyone who has insurance policies....

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