Hints and tips:
...Debevoise & Plimpton has rehired Eric Dinallo to chair its insurance regulatory practice....
...A good summer for David Einhorn (whose fund, incidentally, was last down 18.3 per cent this year)The outspoken hedgie David Einhorn would have made a killing from his bets against Lehman Bros this summer...
...For one, the idea to create a new exchange, which would act as a marketplace for insurance and reinsurance, pre-dates Mr Wrynn’s tenure: it was floated by his predecessor Eric Dinallo....
...Eric Dinallo, the current superintendent of the New York State Insurance Department, will resign in July, New York governor David Paterson said on Thursday....
...Along with Governor David A....
...more than $15bn in new capital for the bond insurance industry,” David Paterson, New York’s governor, said in a statement on Thursday....
...Governor David Paterson, who succeeded Eliot Spitzer in March, has decided to regulate a portion of the “market for short selling bonds” – by which he means credit default swaps....
...Further damage to them will hurt our local economy and runs contrary to Governor David Paterson’s efforts to protect New York’s status as the financial center of the globe....
...Thus Mr Dinallo is now working with David Paterson, the New York governor, to push for regulation of credit default swaps, contracts that protect against default....
...Eric Dinallo, New York Insurance Superintendent, told CNBC on Wednesday morning that AIG’s assets had already attracted strong interest but that the company might need more capital....
...But Mr Dinallo has spurred the banks to look support on an individual basis....
...On the one hand, the latest Dinallo-inspired plan to save the bond insurers (or at least part of them) seems to be gathering steam....
...“The selling to begin with was a follow-through from Wall Street, as there wasn’t really any news to justify a serious sell-off, and Mr Bernanke wasn’t really saying anything new,” said David Cohen, a director...
...If so, we are going to have problems and don’t think he can step in as CEO,” Mr Aguirre quoted Mr Dinallo as saying....
...If so, we are going to have problems and don’t think he can step in as [chief executive],” Mr Aguirre quoted Mr Dinallo as saying....
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