<"Such court defeats may add as much as $9 billion to what Bank of America owes bond insurers, according to hedge fund Branch Hill Capital, which is betting against its stock and has invested in MBIA. A victory for Armonk, New York-based MBIA may also strengthen claims by mortgage-securities investors…“You don’t have to wait until you’re in a severe accident before you return the car with bad brakes,” said David Grais… "
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