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Nor were they guaranteeing loans in commercial real estate, which also experienced a huge bubble.
But once again, much of the additional money goes to the subsidy for guaranteeing loans to small businesses.
ANNALS OF FINANCE about the government guaranteeing loans to the Chrysler Corporation to save them from bankruptcy.
Under the president's plan, the government would make loans directly to students, instead of guaranteeing loans by private banks.
It does so by guaranteeing loans for United States exporters and for foreign purchasers of United States goods.
A plan already proposed by the Conservative opposition to which the government's bears more than a passing resemblance envisaged guaranteeing loans of £50 billion.
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Some guaranteed loans before the federally guaranteed student loan program was created in 1966.
The government also offered support to fledging firms via direct investments and guaranteed loans.
Incidentally, the S.B.A. nearly exhausted its legal authority to guarantee loans before the fiscal year ended.
One company that has received three federally guaranteed loans, totaling more than $3 billion, is First Solar.
And then, there's the epicenter of the college loan strangeness, the federally guaranteed loans.
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