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Exact(7)
But these contracts were insuring a different type of asset than the ones covered by the federal assistance package.
CDS contracts were worth $62 trillion at the peak, far more than the bonds the CDSs were insuring.
The trouble in the real-estate markets undercut the value of the C.D.O.'s the bond companies were insuring, eventually costing them their overall credit ratings.
"My biggest regret," Mr. Bilchik said, "is that during the time I was in the prosecutor's office, we were under the false impression that we were insuring greater public safety when we were not".
Mauldin: Well this was all over and the whole CDO, the whole subprime mess, and the monolines were insuring these CDOs that were patently going, there was bad stuff in them.
"W" and his Daddy sure knew what they were doing when they offered these men up to the supine Congress for confirmation -- they were insuring the perpetuation of their party's power at any price.
Similar(50)
Many of its clients' assets were insured.
Most homeowners interviewed said they were insured.
Only part of the losses were insured.
Ms. Hart's legs were insured for $1 million.
Their owner, Aleksandr Tarantsev, said the paintings were insured.
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CEO of Professional Science Editing for Scientists @ prosciediting.com