Formerly purveyors of insurance for debt issued by local governments and authorities, the insurers have been hurt badly by guaranteeing complex mortgage-related instruments.
With Lehman Brothers running out of options this week, investors fear that A.I.G. will face billions in additional losses because it has effectively guaranteed complex financial instruments tied to home loans whose values have plummeted.
Even America, with all its legal guarantees and complex system of appeals, has not been able to apply it fairly or consistently.
During the recent housing boom, the companies also guaranteed more complex collateralized debt obligations, which are backed by portfolios of bonds.
In an interview, he said he would consider splitting MBIA into two parts, one to insure municipal bonds, which rarely default, and the other to guarantee the complex mortgage investments that have so unnerved investors.
Some sufficient conditions which guarantee the complex networks to have almost sure synchronization are derived and two kinds of controllers are designed, respectively.
Using a suitable Lyapunov function, we obtain some simple and practical sufficient conditions which guarantee the complex projective synchronization in drive-response stochastic switching networks with complex-variable systems.
By default, we guarantee the Complex that, whatever happens to other Americans, its institutions and employees will remain safe.
This generalizes Schur's lemma, which guarantees that any complex n × n matrix may be put into upper triangular form.
This support often remains hidden behind incentives, guarantees or in complex investment structures like Public Private Partnerships or lending through third parties.
