Word: guaranteeeing
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What cannot be said in an address is that there may not be a solution to the current crisis because nothing tried so far has worked to even a modest extent. The plan that the U.K. has introduced to guarantee bank debt and buy up private debt may help that...
And yet as Brown and Darling gathered on Monday to unleash a slew of new schemes, the stakes for the Prime Minister - and the British economy as a whole - could scarcely have been higher. Central to those plans is the creation of a bumper insurance scheme that will permit banks...
The FDIC's chief job is to provide insurance on bank deposits. That means when a bank fails, it is up to the FDIC to guarantee that you'll get at least that much of the money you had in your checking account or savings account or certificate of deposit...
The Fed will step in and do what it did for Bank of America (BAC) as its Merrill Lynch unit posted a $15.3 billion loss in the fourth quarter. Citi will also get a program which will guarantee the value of certain bad assets and keep the bank from failing...
Agriculture Minister Michel Barnier was also outraged. "Roquefort is a traditional French product illustrating how a production process can guarantee sanitary safety while preserving a world-renowned gastronomic heritage," Barnier said in a ministry statement. "We hope friendly dialogue with the new Obama administration will help resolve this problem."