Regional News
Houston Sports Authority Call MBIA Suit "Political Stunt"
Monday, February 25, 2013
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The Harris County-Houston Sports Authority said in a court filing Monday that MBIA Insurance Co. is not out "a single penny" for covering $1 billion of its stadium bonds.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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