MBIA GUIDED BY WISDOM

INSURANCE UNDERWRITING IN THE FIELD OF FINANCIAL OBLIGATIONS; INSURANCE CONSULTATION; UNDERWRITING, REINSURANCE, GUARANTY INSURANCE, SURETY INSURANCE AND INSURANCE FOR TRANSACTIONS FOR NEW ISSUE AND SECONDARY MARKET ISSUERS OF MUNICIPAL, INTERNATIONAL AND SPECIALTY BONDS, INTEREST RATE SWAPS, CURRENCY SWAPS, CREDIT DEFAULT SWAPS AND OTHER FINANCIAL DERIVATIVES; FINANCIAL GUARANTEE UNDERWRITING SERVICES; CREDIT ENHANCEMENT SERVICES WITH RESPECT TO BONDS, NOTES OR OTHER FORMS OF INDEBTEDNESS AND ASSET BACKED STRUCTURED FINANCE, MUNICIPAL AND GOVERNMENT PROJECT FINANCE AND CORPORATE OBLIGATIONS, NAMELY, RESIDUAL VALUE INSURANCE AND SURETY SERVICES; SECURITIZATION SERVICES, NAMELY, GUARANTEEING LOANS IN THE FIELD OF COLLATERALIZED DEBT OBLIGATIONS, CONSUMER ASSET FINANCE, CORPORATE STRUCTURED FINANCE, MORTGAGE-BACKED SECURITIES, OPERATING ASSETS, WHOLE COMPANIES, SECURITIES TRADED IN THE SECONDARY MARKET, GUARANTEED INVESTMENTS AND STRUCTURED ASSET-BACKED OR MORTGAGE-BACKED TRANSACTIONS IN THE SECONDARY MARKET; INVESTMENT ADVISORY AND CONSULTATION SERVICES; INVESTMENT MANAGEMENT SERVICES; FINANCIAL AND INVESTMENT ADVICE