Under the terms of the offer, GE Capital offered $1.8 billion in cash including a crucial £800 million ($1.18 billion) loan that Equitable would use to pay its 90,000 policyholders who hold guaranteed annuity rates policies, the executives said.
The proposal does not take into account that creditors of the holding company may hold guarantees of subsidiaries as well as be cross-guarantees among entities, with the result that the proposed resolution would require the Treasury to satisfy the claims of essentially all the creditors of the failed financial institution.
Thus making those equations hold guarantees optimality.
Unlike major league players, most fans are not holding guaranteed contracts worth millions of dollars.
Ari Fleischer, the White House spokesman, has said that Mr. Cheney's intervention was appropriate because the United States government held guarantees on loans to the project.
Marathon holds guarantees about what containers are running where.
"However, Roe's [The Supreme Court's 1973 ruling on abortion] essential holding guarantees to all women, not just those of mean, the right to a pre-viability abortion".
Today the two companies also hold or guarantee loans valued at more than $5 trillion, about half the nation's mortgages.
The Treasury will force both companies to shrink their portfolios over the long term; they now hold or guarantee about half of the country's mortgages.
First, the Treasury took control of Fannie Mae and Freddie Mac, which hold or guarantee half of the nation's $10 trillion in mortgage debt between them.
But the audit of the two companies by federal regulators is not yet complete, and, in fact, questions remain about the quality of the assets the companies hold and guarantee.
