Monoline insurers struggling to meet guarantees
Monoline insurers, which guarantee the repayment of bond principal and interest when an issuer defaults, facing huge losses due to their insurance of toxic RMBS, CDOs and other Asset backed securities.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
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Pathology in the Credit Default Swaps market »Pathology in the Credit Default Swaps market
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Monoline insurers struggling to meet guarantees
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Monline difficulties spill over into money market funds »Monline difficulties spill over into money market funds
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