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MBIA Snapshot
MBIA will make sure that bonds get paid, no matter what. Its independent subsidiary, National Public Finance Guarantee Corporation, is a leading provider of insurance for municipal bonds and stable corporate bonds (such as utility bonds) in the US. Separately, its MBIA Insurance Corporation provides global structured finance products and non-US public financial guarantees. MBIA's Cutwater business manages assets for public-sector clients. Other lines of business include tax compliance services and buying and servicing municipal real estate tax liens.
