New York State Insurance Superintendent Eric Dinallo moved to quell speculation today about how fast regulators and banks might move and what action might be taken to bolster troubled bond insurers.
On Tuesday he said his department was talking with banks, insurers, financial advisors, credit rating agencies, other state regulators, government officials, and other stakeholders about developing measures to help stabilize the market and capital infusions.
One report out today suggested that a $15 billion bailout for bond insurers might be worked out within 48 hours in a meeting with bankers.
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