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  "documentTitle": "Assured Guaranty (AGO)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2018-04-23 00:00:00",
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  "notes": "The slide uses a simple table to demonstrate the net impact of recoveries on claims paid.",
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      "text": "However, when the dust settled AGO was able to recover over 70% of its losses by suing the banks who sponsored the deals for fraud.",
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      "text": "Claims paid after R&W recovery: $1,417M",
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      "text": "AGO did have some structured finance business and has paid out $5.1 billion of losses. However, when the dust settled AGO was able to recover over 70% of its losses by suing the banks who sponsored the deals for fraud.",
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      "text": "Source: AGO annual reports for years presented, available at http://assuredguaranty.com/investor-information/by-company/assured-guaranty-ltd, and Greenlight calculations.",
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      "text": "2009-2016 Total ($M) Claims paid on U.S. RMBS ($5,087) Reps & Warranties recovery $3,670 Claims paid after R&W recovery ($1,417)",
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      "kind": "title",
      "text": "Blame the banks",
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