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The controversy also prompted many wealthier parents in Britain to consider American universities as backstops to Oxford or Cambridge.
Then, last year, Mr. Welch began publicly anointing the people who would be backstops to the three men in the race to succeed him.
Constâncio also scotched the idea that the ECB might go soft on eurozone banks because of fears that Europe doesn't have strong enough backstops to help banks who fail the tests.
Since then he has warned other small open countries like Ireland and Dubai not to follow in Iceland's footsteps in providing sweeping government backstops to bankrupt troubled institutions.
The Federal Reserve balance sheet expanded to more than $2 trillion, along with implied and explicit backstops to Wall Street firms that could cost even more.
Tsao said that supporters of the Cook County policy are stressing that public safety will not suffer if detainer requests are denied, because there are "significant backstops" to limit the release of those accused of serious crimes.
Similar(53)
For Germany, it could mean providing a financial backstop to prevent Spain from going bankrupt.
But the precedent was set: The Fed was the financial backstop to the world.
It's meant to be the ultimate backstop to stop you from losing your life savings.
It can also provide credit lines as a backstop to governments who fear an investor strike.
As a backstop, to ensure savings, the law creates a Medicare cost control board.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com