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Dinallo Says MBIA Insurer Needed $900 Million Cushion
New York Insurance Department Superintendent Eric Dinallo talks with Bloomberg's Margaret Popper in New York about MBIA Inc.'s first-quarter loss reported today, its decision to give $900 million to its insurance unit and the state of the bond insurance industry. New York-based MBIA reported a $2.4 billion loss, citing a decline in the value of collateralized debt obligations it insured and a rise in expected claims on various types of securities backed by home loans. Bloomberg's Michael McKee also speaks. (Source: Bloomberg)
Bloomberg | May 12, 2008
