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What: Shares of bond insurer MBIA
So what: MBIA agreed to drop a lawsuit against Bank of America
Now what: If the expectations are correct, it will be interesting to see what MBIA is actually able to get out of B of A. The suit hadn't been going all that well for MBIA -- part of the suit was dismissed in 2010 and an appeals court tossed it entirely earlier this year. On the upside though, B of A does seem to be highly motivated to tie up financial-meltdown-related loose ends, as it agreed to pay Assured Guaranty
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Fool contributor Matt Koppenheffer owns shares of Bank of America, but does not have a financial interest in any of the other companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.