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Outstanding Exposure (Details 4) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
risk
Dec. 31, 2011
Financial guarantee obligations    
Probability of paying more claims than being reimbursed (as a percent) 50.00%  
Constant discount rate (as a percent) 5.00%  
Maximum period of liquidity claims (in years) 1 year  
Net Par Amount Outstanding $ 519,893 $ 558,048
% of Total Net Par Outstanding 100.00%  
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 70,781 85,047
Insured Financial Obligations Number of Contracts 14,886  
Bank of America Agreement
   
Financial guarantee obligations    
Net Par Amount Outstanding 3,200  
BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 9,254 12,250
BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 5,107 4,981
BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 9,031 9,531
Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 23,392 26,762
% of Total Net Par Outstanding 4.50% 4.80%
Financial Guaranty Contracts Accounted for as Insurance Outstanding Principal Amount 16,683 [1] 18,959 [1]
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 6,709 7,803
Financial Guaranty Contracts Accounted for as Insurance Number of Contracts 371 [1],[2] 368 [1],[2]
Financial Guaranty Contracts Accounted for as Credit Derivatives Number of Contracts 89 [2] 99 [2]
Insured Financial Obligations Number of Contracts 460 [2] 467 [2]
Below investment grade (BIG) | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 9,254 12,250
Financial Guaranty Contracts Accounted for as Insurance Outstanding Principal Amount 7,049 [1] 8,297 [1]
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 2,205 3,953
Financial Guaranty Contracts Accounted for as Insurance Number of Contracts 153 [1],[2] 171 [1],[2]
Financial Guaranty Contracts Accounted for as Credit Derivatives Number of Contracts 30 40 [2]
Insured Financial Obligations Number of Contracts 183 [2] 211 [2]
Below investment grade (BIG) | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 5,107 4,981
Financial Guaranty Contracts Accounted for as Insurance Outstanding Principal Amount 2,606 [1] 3,458 [1]
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 2,501 1,523
Financial Guaranty Contracts Accounted for as Insurance Number of Contracts 76 [1],[2] 71 [1],[2]
Financial Guaranty Contracts Accounted for as Credit Derivatives Number of Contracts 27 33 [2]
Insured Financial Obligations Number of Contracts 103 [2] 104 [2]
Below investment grade (BIG) | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 9,031 9,531
Financial Guaranty Contracts Accounted for as Insurance Outstanding Principal Amount 7,028 [1] 7,204 [1]
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 2,003 2,327
Financial Guaranty Contracts Accounted for as Insurance Number of Contracts 142 [1],[2] 126 [1],[2]
Financial Guaranty Contracts Accounted for as Credit Derivatives Number of Contracts 32 26 [2]
Insured Financial Obligations Number of Contracts 174 [2] 152 [2]
RMBS
   
Financial guarantee obligations    
Minimum Amount Assumed Principal Amount for Internal Rating 1  
Prime first lien
   
Financial guarantee obligations    
Net Par Amount Outstanding 641 739
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 333 398
Prime first lien | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 28 77
Prime first lien | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 436 465
Prime first lien | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 11 0
Prime first lien | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 475 542
% of Total Net Par Outstanding 0.10% 0.10%
Alt-A first lien
   
Financial guarantee obligations    
Net Par Amount Outstanding 4,589 5,329
Alt-A first lien | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 109 1,695
Alt-A first lien | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,987 1,028
Alt-A first lien | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,479 1,540
Alt-A first lien | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 3,575 4,263
% of Total Net Par Outstanding 0.70% 0.80%
First mortgage, option adjustable rate mortgage
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,550 2,433
First mortgage, option adjustable rate mortgage | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 61 25
First mortgage, option adjustable rate mortgage | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 392 689
First mortgage, option adjustable rate mortgage | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 643 882
First mortgage, option adjustable rate mortgage | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,096 1,596
% of Total Net Par Outstanding 0.20% 0.30%
First mortgage, subprime
   
Financial guarantee obligations    
Net Par Amount Outstanding 7,330 8,136
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 3,494 4,012
First mortgage, subprime | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 152 795
First mortgage, subprime | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,161 1,200
First mortgage, subprime | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,024 513
First mortgage, subprime | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 2,337 2,508
% of Total Net Par Outstanding 0.40% 0.40%
Close ended second lien
   
Financial guarantee obligations    
Net Par Amount Outstanding 521 1,040
Close ended second lien | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 0 0
Close ended second lien | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 247 495
Close ended second lien | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 157 520
Close ended second lien | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 404 1,015
% of Total Net Par Outstanding 0.10% 0.20%
HELOCs
   
Financial guarantee obligations    
Net Par Amount Outstanding 3,196 3,890
HELOCs | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 91 421
HELOCs | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 0 0
HELOCs | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 2,627 2,858
HELOCs | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 2,718 3,279
% of Total Net Par Outstanding 0.50% 0.60%
U.S. RMBS
   
Financial guarantee obligations    
Net Par Amount Outstanding 17,827 21,567
Financial Guaranty Contracts Accounted for as Credit Derivatives Outstanding Principal Amount 7,257 8,532
U.S. RMBS | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 441 3,013
U.S. RMBS | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 4,223 3,877
U.S. RMBS | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 5,941 6,313
U.S. RMBS | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 10,605 13,203
% of Total Net Par Outstanding 2.00% 2.40%
TruPS
   
Financial guarantee obligations    
Net Par Amount Outstanding 5,693 6,334
TruPS | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,920 2,501
TruPS | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 0 0
TruPS | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 952 951
TruPS | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 2,872 3,452
% of Total Net Par Outstanding 0.60% 0.60%
Other Structured Finance [Member]
   
Financial guarantee obligations    
Net Par Amount Outstanding 70,866 88,028
Other Structured Finance [Member] | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,310 1,295
Other Structured Finance [Member] | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 384 548
Other Structured Finance [Member] | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 1,325 1,429
Other Structured Finance [Member] | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 3,019 3,272
% of Total Net Par Outstanding 0.60% 0.60%
US Public Finance
   
Financial guarantee obligations    
Net Par Amount Outstanding 387,967 403,073
US Public Finance | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 3,290 3,395
US Public Finance | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 500 274
US Public Finance | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 813 838
US Public Finance | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding 4,603 4,507
% of Total Net Par Outstanding 0.90% 0.80%
Public finance Non-U.S.
   
Financial guarantee obligations    
Net Par Amount Outstanding 37,540 39,046 [3]
Public finance Non-U.S. | Greece
   
Financial guarantee obligations    
Net Par Amount Outstanding   282
Public finance Non-U.S. | BIG 1
   
Financial guarantee obligations    
Net Par Amount Outstanding 2,293 2,046 [3]
Public finance Non-U.S. | BIG 2
   
Financial guarantee obligations    
Net Par Amount Outstanding 0 282 [3]
Public finance Non-U.S. | BIG 3
   
Financial guarantee obligations    
Net Par Amount Outstanding 0 0 [3]
Public finance Non-U.S. | Below investment grade (BIG)
   
Financial guarantee obligations    
Net Par Amount Outstanding $ 2,293 $ 2,328 [3]
% of Total Net Par Outstanding 0.40% 0.40% [3]
[1] Includes net par outstanding for FG VIEs.
[2] A risk represents the aggregate of the financial guaranty policies that share the same revenue source for purposes of making Debt Service payments.
[3] Includes $282 million in net par as of December 31, 2011, for bonds of the Hellenic Republic of Greece. See Note 6, Expected Loss to be Paid.