Last week, the New York Attorney General disclosed that it would be investigating securitization and underwriting practices by Countrywide, which was acquired in 2008 by Bank of America (BAC +0.72%). In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss why this may push BAC to settle in its lawsuit with MBIA (MBI 1.84%). MBIA claims that Bank of America still owes the company billions over bad mortgages that it wants the bank to buy back; allowing the case to continue might strengthen the Attorney General's case against BAC. Matt and David also talk about the dire straights MBIA is facing financially, and why this settlement might be life or death for the company.
Did MBIA Get the Upper Hand on B of A?
By Matt Koppenheffer and David Hanson – Mar 4, 2013 at 3:11PM
NYSE: BAC
Bank of America
Market Cap
$377B
Today's Change
(0.72%) $0.37
Current Price
$51.93
Price as of November 24, 2025 at 4:00 PM ET
Will this push Bank of America to settle with MBIA?
About the Author
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.