Monoline Insurance Bailout: Where's the Justice in That?

'This is incredulous on two counts: First, that insurers could guarantee thousands of billions of dollars worth of debt in exotic debt securities and anyone would think that they had a guarantee in the first place; and secondly, how a credible regulator, after the fact, can think that institutional investors understanding the enormity of the risk exposure and uncertainty of payoff they now face with micro-fractional reserve capital at a ratio estimated to be 250:1, would think such a plan would float or be viable!'