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S.F. Attorney Blasts JPMorgan, MBIA

Correction: The swap is no longer insured by MBIA. The insurance was dropped when the JPMorgan issued its letter of credit to the museum.

SAN FRANCISCO — The city attorney of San Francisco has sent a shot across the bow of both JPMorgan Chase & Co. and MBIA in the form of threatening letters over their involvement in the Asian Art Museum’s financial crisis.

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