Most early reports of banks' year-end results include further write-downs on the toxic assets, such as exposure to collateralised-debt obligations (CDOs) or the monoline insurance companies, which supposedly insured them.
Some homes were taken over and sold at a loss by HUD, which had insured them.
Still, expats are likely to be the last to know whether their employers have insured them and their families.
And soured mortgages made by banks were weighing on the government because it had insured them against default.
The bank recklessly issued mortgages and then made false certifications about their condition to the Federal Housing Administration, a government agency that insured them, the complaint said.
Their leveraged bets went sour, and the derivatives they thought insured them against any shock turned out to be worse than worthless.
Because the teams work outdoors all day, often on roofs, many phones are dropped or broken; Mr. Sheinwald bought the cheapest versions and insured them.
That motto applied to those who made the mortgage loans, to those who put together securitizations, to those who rated them, and to those, like MBIA, that insured them.
