April 1, 2016
Below is the letter to MBIA shareholders’ written by CEO Jay Brown.  MBIA is another major bond insurer similar to AGO, although AGO is the much stronger company.  I wanted to share the letter because he makes some key points regarding exposure to Puerto Rico, which I believe to widely misunderstood by the overall market....
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784