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One told a client, according to S.E.C. documents, "We have a backstop and are going to ensure that the fund does not break the buck".
While European finance ministers pledged this week that they would have a backstop plan for vulnerable banks, in practice that task will be left to national banking regulators, who have varying levels of resources and political will.
In addition, the initial results of the national austerity programs have been "encouraging," while the funding commitments from the E.U., the I.M.F. and the E.C.B. are "offering a powerful safety net" and starting to convince investors that the troubled economies have a backstop — at least through 2012.
But if $50 billion isn't enough, the FDIC will have a backstop courtesy of U.S. taxpayers.
Have a backstop in place; turkeys are hard to hit.
Don't put any seats behind home plate in less you have a backstop.
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Once the company has a backstop of $200,000 in cash, I'll start paying back debt.
Uber said on Friday it had a "backstop" insurance policy that would cover customers if a driver had an accident without insurance.
Meanwhile, at home, Bharat Forge has a backstop that is ironic, given what set Baba Kalyani off on his international tear in the early 1990s: As the car becomes an emblem of expanding affluence, production in the Indian auto components sector has grown 160% to $8.7 billion in a decade.
On the plus side, the fact that the ASA has a legal backstop (in the first case) and acts for a statutory regulator (in the second) certainly seems to give them access to a wide range of non-legal sanctions designed to get the attention of misbehaving advertisers.
The Eurogroup has agreed a deal with Greece to extend its bailout past 28 February, when the rescued country faced the prospect of not having a financial backstop while it remains still shut out of debt markets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com