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The obvious pre-crisis examples were American subprime mortgages that had been bundled up and then insured.
Those two banks each bought the safest part of different Triaxx deals and then insured that part with a guarantee from A.I.G.
Still, more than 1,400 depositors who had more than $100,000 in their savings accounts — the maximum the government then insured — were left short about $10 million, said Clint Krislov, a lawyer for several of them.
They worked together in pedaling mortgages designed to fail, securitizing them for resale as "structured financial products" with misrepresented values, and then insured themselves against defaults that they knew would occur.
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Olivier then insures that the film is too unnaturally beautiful ever to be confused with reality.
"You can't fix care first, and then insure everybody," he said.
Achieving it would require knowing in advance almost exactly how many customers would be coming in and what they were going to want, then insuring that the cooks didn't spill or toss or waste anything.
Title agents search public records for tax liens and any other outstanding claims that need to be resolved, and then insure the borrower and the lender against claims that might have gone undetected.
Given special status by the F.H.A. to make loans to low-income Americans, which the government would then insure, the company flagrantly lied about the underwriting it had done.
According to five former Goldman employees, Mr. Sundaram used financing from other banks like Société Générale and Calyon to purchase less risky mortgage securities from competitors like Merrill Lynch and then insure the assets with A.I.G. — helping fatten the mortgage pipeline that would prove so harmful to Wall Street, investors and taxpayers.
These images then insure strict obedience to the closed morality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com