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It spends $13 billion on the direct loan program, in which the federal government provides loans to students through universities, and about $39 billion on the guaranteed loan program, which offers guarantees for loans made by banks.
"Specifically," Ms. Bair said, "the government could establish standards for loan modifications and provide guarantees for loans meeting those standards.
Hence Cable's pledges to get tough with rich tax dodgers, to replicate the house-building bonanza of the 1930s and to plough £1bn into a business bank that will provide taxpayer guarantees for loans to small and medium-sized businesses.
The German economy minister, Werner Mueller, promised on Sunday that the government would provide state guarantees for loans totaling 400 million euros in a bid to save the company and its 5,500 employees from bankruptcy after France Télécom abandoned Mobilcom last week.
The GSM 102 Programme provides credit guarantees for financing terms of six to 36 months (US$5billion for FY 1996), while the GSM 103 Programme can provide guarantees for loans with terms of three to ten years ($500million for FY 1996).
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L. 115 334, § 6201(1), substituted "provide grants, provide loans, and provide loan guarantees" for "provide loans and loan guarantees".
On the first official day of the scheme, which offers lenders a taxpayer-backed guarantee for loans to borrowers with as little as 5% deposits, three high street banks were signed up.
Guarantees for those loans require approval by lawmakers.
According to officials familiar with the situation, The Federal Housing Administration would withhold guarantees for home loans.
European Union officials in Luxembourg said Monday that the group would raise its guarantees for bailout loans to raise market confidence.
The rules on government guarantees for bank loans to help aircraft sales now depend on the type of plane being financed.
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