26 Jul 2008

New York insurance regulators denied bond insurance crisis intervention

New York insurance regulators Eric • Dina Luo (Eric Dinallo) on the bond insurance companies for their handling of the crisis in defence. He said that last month he decided to convene talks on Wall Street's top banks, is to arouse people's attention to these issues, rather than critics alleged forcible intervention.

Dina Luo denied the external criticism that his focus on Wall Street and investors to the interests of cost, to protect the municipal bond issuance.

"Inaction is promising, and this is accept the status quo," he accepted the British "Financial Times" said in an interview, "I know that if we do not affirmative action, the matter will fall on our heads. By that time, some people will Criticize me dozing while driving. "

Britain's "Financial Times" A Lina• Fan • Fortuyn (Aline van Duyn), Francisco • Ge Leila (Francesco Guerrera), the • White (Ben White), New York reported

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