WASHINGTON, D.C. - The District of Columbia Circuit U.S. Court of Appeals on March 8 affirmed the dismissal of MBIA Insurance Corp.'s suit alleging that the Federal Deposit Insurance Corp., as the receiver for the failed IndyMac Bank FSB, wrongly refused to reimburse it for losses on mortgage-backed securities (MBS) contracts it insured (MBIA Insurance Corp. v. Federal Deposit Insurance Corp., No. 11-5317, D.C. Cir.; 2013 U.S. App. LEXIS 4707; See June 2010, Page 17)....(read more)Image may be NSFW.
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