• In late January New York insurance regulator, Eric Dinallo, urged major banks to provide up to $15bn (£7.6bn) to support the monoline industry in an effort to stem the threat of additional losses for banks and other financial institutions with exposure to some of the over $2,400bn of debt guaranteed by bond insurers.

2008 0216 / 0215 - FT (Financial Times) - Monolines Explained, By Paul J Davis, Cynthia O’Murchu, Steve Bernard and Ingram Pin - [link]