Your English writing platform
Discover LudwigExact(10)
One channel of contagion involves monoline bond insurers, the specialized insurance companies that are supposed to guarantee debt.
The agency not only sharply increased deposit insurance limits, but also said it would guarantee debt issued by banks.
And if the government decides to guarantee debt, it should guarantee the debt of banks, not of holding companies.
The French government will create a fund that will raise money to guarantee debt for up to five years in a bid to make cash available to banks unwilling to lend to each other.
Analysts say the government might have to explicitly guarantee debt issued by Fannie and Freddie to give it the same status as bank debt to allay the concerns of investors.
Mr. Geithner, in the words of one participant, was "hell bent" on a plan to use the Federal Deposit Insurance Corporation to guarantee debt issued by bank holding companies.
Similar(50)
Somewhere between $175bn to $200bn of that would go toward grants for states that guarantee debt-free tuition at four-year public colleges and universities.
Ireland's government has money, but its banks are drowning in debt, and the government has vowed to guarantee debts, making the state itself vulnerable.
A major factor in that recovery was the government's announcement last December that it would guarantee debts owed by and securities issued by Fannie and Freddie, according to David Crowe, chief economist at the National Association of Home Builders.
Citing deepening problems in the mortgage market, Standard & Poor's cut the rating of one troubled bond insurer on Wednesday and assigned a negative outlook to four other companies that guarantee debts linked to home loans.
Bridgestone shares were off 2% in morning trading following news the tire company is one of 19 Japanese suppliers to the auto industry asking the U.S. government to guarantee debts from General Motors and Chrysler.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com