NU Online News Service, Aug. 10, 3:41 p.m. EDT

Bond insurer Ambac Financial Group Inc. reported it had a second-quarter net loss of $2.4 billion, driven by loss expenses related to its residential mortgage-backed securities (RMBS) and other-than-temporary impairment investment losses.

The loss compares to 2008 second-quarter net income of $823.1 million.

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