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  "documentTitle": "Assured Guaranty (AGO)",
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  "authorName": "David Einhorn",
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      "text": "The range of implied recoveries generate a net present value loss between $2.7 billion to $4.5 billion, with a midpoint estimate of $3.6 billion.",
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      "text": "We ran a third analysis using Moody’s ratings, which encapsulate a range of implied recoveries for each bond issue. The range of implied recoveries generate a net present value loss between $2.7 billion to $4.5 billion, with a midpoint estimate of $3.6 billion. All three analyses basically yield similar results.",
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      "text": "Source: AGO Q4 2017 financial supplement; Moody’s Investor Services; and Greenlight calculations.",
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