Monoline bailout looking likely

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As credit market conditions continue to deteriorate, interested parties are coming together in an attempt to save the imperilled US monoline insurers from bankruptcy.

As January drew to a close, US federal and state insurance regulators began discussions with insurers, banks, financial advisers and rating agencies to look at ways to stabilise the bond insurance business. The talks followed the release on January 22 of a proposed rescue plan by the New York State Insurance Department (NYSID) to

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