monolines

I'm no expert on the matter - and wow, if that isn't an understatement - but a few months back the Journal ran a story on how Merrill Lynch continued to keep peddling those bundles of mortgage-backed securities called collateralized debt obligations (CDOs) after AIG and other so-called "monolines" - not that it kept them out of trouble!

Gawker 2008

I'm no expert on the matter - and wow, if that isn't an understatement - but a few months back the Journal ran a story on how Merrill Lynch continued to keep peddling those bundles of mortgage-backed securities called collateralized debt obligations (CDOs) after AIG and other so-called "monolines" - not that it kept them out of trouble!

Gawker 2008

Bond insurers -- also known as monolines because they have just one line of business -- offer investors a way to recoup their money if their bonds fail.

Dexia Moves to Boost Capital 2008

The so-called monolines 'strong credit ratings underpin the value of their insurance contracts.

More Subprime Pain in Store David Enrich 2008

These so-called monolines insure about $2.4 trillion of debt, including $100 billion of subprime-linked collateralized debt obligations, and their downgrade and the forced sales of bonds that would follow, remains the major risk to credit markets, according to UniCredit strategist Jochen Felsenheimer

Stocks in Europe, Asia 2008

Bond insurers are also known as monolines because they have just one line of business.

Credit Crunch Hits ANZ 2008

His attempt to break up the so-called monolines may have generated headlines, but the hoopla will likely end there.

Yvette Kantrow: Media Manuvers: Credit Crunch for Dummies 2008

But as the subprime crisis has widened, the credit quality of these insurers, also called monolines, has weakened, leading banks to write down some of the protection they've bought from the insurers.

Moody's Cuts AAA Rating on CIFG 2008

Remember they were called monolines because they basically did one thing, they wrote insurance on muni-bonds, that is bonds issued by states, cities and local municipalities.

Ambac Finally Files for Chapter 11 -- Seeking Alpha 2010

The problem lies with the bond insurers called "monolines," which have ventured into the very risky mortgage-backed securities market.

Another Way Around the Credit Crisis: Minnesota Bill Would Authorize State Banks to "Monetize" Productivity 2008