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It had destroyed itself by allowing its financial-products division to make absurd bets on credit-default swaps, which effectively meant it was guaranteeing hundreds of billions of dollars of bad mortgage-backed securities.
On Thursday, shares of the nation's biggest insurer of financial risk, MBIA, fell 26percentt after it disclosed that it was guaranteeing billions of dollars of the kind of complex debt that unnerved the credit market this summer.
Declaring it was guaranteeing Italians' "right not to be afraid", it has introduced a "security package" consisting of punitive measures against illegal immigrants in general and foreign Roma (or Gypsies) in particular.
There is, of course, something frustrating about the fact that the government can't say it's going to bail out the big banks if they get in trouble, when clearly it will, just as it was frustrating that the government always denied that it was guaranteeing the debts of Fannie Mae and Freddie Mac, even while it was doing just that.
Over the weekend there was a series of moves by European governments to rescue banks and shore up confidence in the financial system: Germany said it was guaranteeing all private bank accounts and arranging a $69.0 billion bailout of commercial lender Hypo Real Estate, while there were also attempted rescues of banks in Iceland, Luxembourg, Belgium and Italy.
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Thanks to its sporty overtones, it was guaranteed star appeal.
It was guaranteed, where words could fail you".
Gale was less likely to have organics, but it was guaranteed to be geologically fascinating.
"It was guaranteed, and it seemed like a no-brainer," he said.
It was guaranteed to be anonymous for them in the data analysis.
It was guaranteed that there were no interactions between the class variables in the models.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com