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With that kind of backing, Mr. Monserrate may feel he can weather the worst.
Just a month ago, it seemed highly doubtful Mr. Bush would get that kind of backing.
With that kind of backing TFC will have an even greater advantage.
Sants expected something similar to the kind of backing that JPMorgan Chase had received in the Bear Stearns deal.
Matt Albrecht, a banking analyst at Standard & Poor's, said: "Who else would get this kind of backing from the Fed?
If Mr Bush is persuaded that Argentina must be bailed out, some kind of backing (or "enhancements") might be found for a debt deal.
Similar(34)
"I kind of backed off from that".
And then everybody kind of backed away from it".
He is not ruling out some kind of back channel.
"We kind of backed into the ecological thing," he said.
I think again it goes kind of back to pictures.
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