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It is backstopped in this promise by its own self-insurance.
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Under Citigroup's original proposal, the F.D.I.C. had backstopped $42 billion in Wachovia's debt.
China's government has clearly indicated that it will use any means necessary to backstop growth in the face of a free-fall in exports.
Ankiel, sent to the minors last week to regain his control, walked six and threw eight pitches to the backstop in three-plus innings in his first start for Class AAA Memphis last night in Oklahoma City.
They are considering requiring firms to regularly report the whereabouts of customer money and creating an insurance fund to backstop losses in customer accounts.
But while the European Union rescue package helps backstop billions in losses, a fresh wave of losses is expected to hit banks soon as more beleaguered homeowners default on their mortgages and housing prices continue to tumble in Ireland.
The Senate Agriculture Committee has sought input from industry players on policy changes, including keeping customers better updated on the whereabouts of their money, more regular reporting to authorities and creating an insurance fund to backstop losses in customer accounts.
What is more, if Germany eventually agrees to backstop banks in the rest of the zone, the quid pro quo could well be that those lenders will be required to have fortress balance sheets.
The commission is also circulating an internal list of more than 10 other ideas, including keeping customers updated on the whereabouts of their money and creating an insurance fund to backstop losses in customer accounts.
Banks are backstopped and, at least in theory, carefully regulated.
The money that went into money market funds after the Lehman collapse, at which point the Treasury came in and backstopped the money market funds because there were funds that broke the buck $400 billion promptly flooded into the market.
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