tag:blogger.com,1999:blog-6798074091942701235.post2773099936630189133..comments2024-03-27T11:08:31.557-04:00Comments on Can Turtles Fly?: Banks sue MBIA over splitSivaram Vhttp://www.blogger.com/profile/06361276466660862882noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6798074091942701235.post-63919877967312246932009-05-15T09:18:00.000-04:002009-05-15T09:18:00.000-04:00For the banks to be sucessfull they will have to c...For the banks to be sucessfull they will have to convince the courts that the NY Insurance Comissioner who approved the split was somehow corrupt or duped. Here's his press release approving of the split:<br /> <br /><span style=""><A HREF="http://www.ins.state.ny.us/press/2009/p0902181.htm" REL="nofollow">http://www.ins.state.ny.us/press/2009/p0902181.htm</A></span><br /> <br /><span style="">In it he said: </span><br /><br /> <br />RIV<br /><br /><p style=""><span style="">“<span style="background: yellow; mso-highlight: yellow;">This deal is fair to all policyholders—the bank counterparties and other policyholders of the structured financings</span> and the owners and issuers of municipal bonds,” Dinallo said.</span>Guestnoreply@blogger.com