markets, like parts of the mortgage business, were unregulated; others were over-regulated or improperly regulated. Reinsurance companies like MG, AMBAC and MBIA guaranteed trillions in bonds and securitized loans with less than 15% of the capital ratios that applied to the regulated banking sector.

markets, like parts of the mortgage business, were unregulated; others were over-regulated or improperly regulated. Reinsurance companies like MG, AMBAC and MBIA guaranteed trillions in bonds and securitized loans with less than 1,5% of the capital ratios that applied to the regulated banking sector

markets, like parts of the mortgage business, were unregulated; others were over-regulated or improperly regulated. Reinsurance companies like AIG, AMBAC and MBIA guaranteed trillions in bonds and securitized loans with less than 15% of the capital ratios that applied to the regulated banking sector.