NU Online News Service, June 13, 2:41 p.m. EDT
New York State's move to place Financial Guaranty Insurance Co. into rehabilitation does not necessarily mean the end is near for the bond insurer, but it faces a difficult road ahead says one industry expert.
On Monday, FGIC issued a statement that Benjamin M. Lawsky, Superintendent of the New York State Department of Financial Services, filed papers in New York State Supreme Court in Manhattan requesting the insurer be placed in rehabilitation.
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