Sentence examples for backstop money from inspiring English sources
In some cases, as in our programs to backstop money market mutual funds, the purpose of the facility is to serve, once again in classic central bank fashion, as liquidity provider of last resort.
The Treasury can no longer use its foreign-exchange account to backstop money-market funds—worrying, given the exposure of money-market funds to European banks.
It will also reduce its program for lending Treasury securities, and it will eliminate a special loan program created as a backstop for money market mutual funds.
Recreating its backstops for money-market funds, commercial paper and asset-backed securities might require such stringent conditions that no one would participate.Such constraints make avoiding another panic all the more important.
It was also employed as a backstop to guarantee money market mutual funds during the financial crisis from September 2008 to September 2009.
Instead of tackling structural problems, much of the endless chatter about the common currency centers on financial engineering: rescue funds, backstopping banks, printing money and the like.
Investors will not stop punishing Europe until its leaders devise a comprehensive program with a lot more money to backstop the Continent's banks and governments.
Stockton may be headed for Chapter 9 bankruptcy this week after pledging taxpayer money to backstop authorities' debts for a hockey arena and other showcase buildings.
In fashioning the bailout, his drive to use taxpayer money to backstop faltering firms overrode concerns that such a strategy would encourage more risk-taking in the future.
The Fed was going to be on the hook Monday morning for untold billions, and it was already taking heat for using taxpayer money to backstop a private institution that had hardly been a model citizen.
And as for an implied government backstop, Barclays can raise money on the private markets at a lower rate than its state-owned rivals – so, Diamond feels, it isn't in thrall to taxpayers at all.
