Word: backstop
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...repeat of the recent crisis. But in the event of a disaster on a similar scale, "you're never going to get a fund big enough to cover all that," says Simon Maughan, a banking analyst at MF Global in London. "The taxpayer is always going to be the backstop. So why not improve the situation today by paying down the fiscal deficit instead of pretending you have an insurance fund...
...time when demand for fellowships has been rapidly growing and funding for public interest work has generally been cut, the Holmes Fellowship will serve as a backstop for students interested in public interest work, said Alexa Shabecoff, the Law School’s assistant dean for public service...
...felt government had to act boldly and at any cost - has passed. Slowly, the free market is easing back in. Consider the federal guarantee on money-market mutual funds, which was slapped together a year ago to prevent a run on a key part of our financial system. That backstop expired on Sept. 18. It wasn't renewed. (See pictures of the global financial crisis...
...vehicles like pickup trucks through a separate loophole that permits automakers to "borrow" credits from the future. Kliesch says the flexibility is fine but asks where the guarantee is that the companies will make good on promises to repay borrowed credits. "That's why you need some kind of backstop [in the rules] to make sure the companies actually meet the standards," says Kliesch...
...other areas, however, Baucus appears to be holding out desperate hope for additional GOP support. For instance, the Baucus bill does not - at this point, at least - contain Snowe's proposal for a public plan as a backstop; instead, it would create member-run co-ops as an alternative to private health insurance. His bill also would not mandate that employers provide health coverage to their workers, but would require them to reimburse the Federal Government for the cost of the subsidies it provides their employees to purchase health coverage on their own. One source said that Baucus intends...