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The Future of the Monolines

Andrew Clavell has a really good blog entry on the monolines today, even as MBIA somehow managed to sell $700 million in new equity in the public markets, over and above the $300 million it sold to Warburg Pincus. (Which is itself over and above the $500 million that Warburg Pincus has already invested and which at the moment is deep underwater.)

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