And then there was one

摘要

America;s municipal-bond market is worth around $2.8 trillion. But "mono-line" insurers, which insure municipal bonds issued by American cities and counties, are barely breathing. On Novemberist the industry edged closer to extinction when one of the largest bond insurers, Ambac, announced that it would skip an interest payment. The company could file for bankruptcy by the end of the month.