We want a system that's solvent and that people can rely upon: guaranteed coverage options just like we have in Congress.
Ms Schake went on to argue that "the EU is unlikely to be able to rely on guarantees of availability for European crisis management of assets that the US also needs for fighting wars and managing crises globally".This may become plainer as the United States begins to scrutinise its security priorities in the wake of the terror attacks.
Social security and health programs provide minimal benefits to retirees as early as 62, and some older workers can still rely on guaranteed pensions, but for most Americans, the bulk of retirement spending must be made up by personal savings.
The festivals themselves have to take their share of responsibility too, relying on guaranteed ticket-shifters rather than accelerating the line-up trajectory of acts they believe in.
Better loan disclosure would help investors in mortgage-backed securities to do their own homework rather than just relying on guarantees.
Banks have relied on guarantees from the Federal Deposit Insurance Corporation to issue more than $330 billion of debt since last year's meltdown.For those banks that need to raise more equity, one option is to sell non-core businesses.
This €500 billion fund is supposedly stronger than the current iteration, the European Financial Stability Facility (EFSF), because it is enshrined in legal treaties and because €80 billion of its capital will eventually be paid in, whereas the EFSF relies on guarantees.
Congressional Republicans, in their recent position paper, made an even bolder resolution: to build a mortgage market that "does not rely on government guarantees" and "does not make private investors and creditors wealthy while saddling taxpayers with losses".
If one or more of them were to topple over, there will be a huge knock-on effect on banks and other financial institutions that rely on their guarantees.
It is not a good idea to rely on either guarantees or certificates.
Apple, which has come to rely on Foxconn's guarantee of millions of products being manufactured at will, and to specs that may change by the hour, would be adrift.
