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If, in addition, the state could guarantee part of the value of the bonds they would quickly have high-quality ratings.
He said he considered Mr. Rajaratnam a "dear friend," and even helped guarantee part of Mr. Rajaratnam's $100 million bail after his arrest in October 2009.
The central bank said it would accept Greek bonds as collateral again in mid-March, when European governments will guarantee part of the value of Greek bonds under a new program.
The guarantee part of the scheme starts in January 2014 and will incentivise lenders to offer those with smaller deposits better mortgages, because the Government will guarantee 15 per cent of the loan.
Reporters tried to lure Burress into uttering the word "guarantee," part of a tired, perennial quest to find a bold, Joe Namath-like character to carry the story line.
Since the mortgage guarantee part of the plan was announced in March, the rise in prices, indicating a brisk market, has raised questions about whether the plan is needed at all. Britain's business minister, Vince Cable, a Liberal Democrat, has expressed his concerns about the program, saying there was a "danger of getting into another housing bubble".
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But in a sign last week that Ms. Merkel has her doubts about where things are headed, especially as she seeks to win a third term in September elections, she ruled out the deposit-guarantee part of the banking plan "for now".
The second, mortgage-guarantee part of the programme which took effect in January, however, is not targeted at the supply of new homes and critics say it will worsen the situation for low- and medium-earners by driving up house prices.
Mr. Arrington was guaranteed part of that if he stayed at the blog for three years.
It bought TechCrunch last year for a reported $30 million, and Mr. Arrington was guaranteed part of the payment if he stayed at the blog for three years.
Others have tried "credit enhancement" in which the franchiser guarantees part of a loan to encourage tight-fisted lenders to free capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com