The Wall Street Journal Fulminates About Dinallo

`` We've said before a break-up will not solve the problem it is intended to address and will almost certainly make raising new capital harder. We've said that Dinallo lacks the authority to force this program upon the insurers. However, since they are going along with his lead, including MBIA, which decided to oust defiant former CEO Greg Dunton, Dinallo can't so easily be accused of being half-baked (even though we think the idea is half-baked) if the industry embraces it.''