Capital in Monolines / AIG

• (p220) - Eric Dinallo - So I do think that essentially the rating agencies and the counterparties missed this.
  • And they believed that in the trillion dollar balance sheet of AIG--
• Chairman Angelides: Somewhere, somehow, there would be money.
• Eric Dinallo: Like it would in a monoline.
  • There's tons of money in a monoline, and it comes up to meet the obligations. 

2010 0701- FCIC - 2008 Financial Crisis and Derivatives, Day 2, Regulators Panel - [PDF-313p - VIDEO-CSPAN]