Exact(11)
One remaining possible move, resisted so far by Berlin, is for the euro zone to guarantee bonds issued by member nations.
He said the company would no longer guarantee bonds via credit default swaps, which are tradeable insurance contracts that some Wall Street experts have begun to worry about.
One plan favored by Germany involves setting aside money from the fund to guarantee bonds from countries like Italy or Spain against a first cut of any losses that buyers might suffer.
One described the major drawback of a proposal for the government to guarantee bonds: "If there be profit, the corporations may take it; if there be loss, the government must bear it".
While the city and state approved a plan using new taxes generated at the site to pay for the sewers, utilities and streets needed on the entire 10-acre lot, St . Louiswould not guarantee bonds to finance the deal.
The loans would be made by the European Central Bank, but the finance facility would absorb any losses, leveraging its resources because it could guarantee bonds with an aggregate value many times larger than its available funds.
Similar(49)
No financial obligation of an eligible entity entered into pursuant to this section (such as an obligation under a guarantee, bond, note, evidence of debt, or loan) shall be an obligation of, or guaranteed in any respect by, the United States.
Morgan Stanley bought protection against bond defaults from MBIA, an insurer that guarantees bonds.
However, this only applies to its general-obligation and guaranteed bonds.
It has guaranteed bonds with a face value of $124 million — debt meant to cover pension contributions to Calpers.
He pointed out that to buy the county's health facilities, the corporation sold Nassau County-guaranteed bonds totaling $259 million.
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