Texas Bankruptcy Laws

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On the Psychology of Sellers  The LA Times had an interesting article last week about the psychology of selling your home.Commentread more...


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May 12th, 2008

MBIA slides to huge 1Q loss on hefty charges

MBIA Inc. swung to a $2.41 billion loss during the first quarter as the bond insurer faced ongoing deterioration in the credit markets and recorded billions in write-downs.

The loss equated to $13.03 per share during the quarter ending March 31, compared with year-ago profits of $198.6 million, or $1.46 per share.

Shares tumbled 7 percent, or 67 cents, to $8.76 in premarket trading.

MBIA was forced to reduce the value of its insured derivatives holdings by $3.58 billion, leading to $2.96 billion in total lost revenue, compared with revenue of $729.9 million a year ago. Net premiums written tumbled to $97.3 million from $171.3 million last year. Read more



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