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AHERF |
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The saga of AHERF has been well documented in newspapers, journals
and medical conferences. 9 million of net losses
recorded in connection with MBIA's redemption of all of the
remaining $117 million in principal of MBIA-insured notes backed by tax
liens originated by Capital Asset and its sale and transfer of all of
the remaining tax liens and real estate owned and originated by Capital
Asset, as well as a partial write-down of expected litigation recoveries
established in 1998 from the AHERF bankruptcy estate. The trials and tribulations of AHERF are well chronicled. |
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