Sentence examples for state underwrites from inspiring English sources

To try to stave off a repeat of the 1977 bread riots, the state underwrites a vast, inefficient and corrupt subsidy system while continuing to divert domestic production away from staple foods towards export crops to produce hard currency to service interest payments on international loans taken out to buy grain in the first place.

While some of the initiatives – notably the government's pledge to provide insurance for mortgages to new-build properties – are the equivalent of an intergenerational mugging: the state underwrites young people taking on a huge debt for an asset that is clearly overvalued.

Money must be "shorn of its specious promise" he says; let the state underwrite a tiny core of deposit-taking banks.

With the might of the state underwriting the industry, Chinese producers can afford to turn the taps on and sell below cost price.

The idea of the state underwriting these debts – predicted to be £330bn by 2044 – was another worry, particularly because of problems with debt collection.

Now MBIA claims that the banks defrauded it because many of the loans did not meet the stated underwriting criteria.

To be sure, the prospectuses detailing the types of loans in these pools contained brief warnings that some of the mortgages might not meet stated underwriting standards.

Goldman Sachs "systematically abandoned the stated underwriting guidelines described in the offering documents" for the mortgages in the pools of collateralized residential mortgage-backed securities it underwrote, the group's complaint said.

It was clear from looking at the application files that more than 90percentt of the Countrywide loans had been improperly granted, and even more of the IndyMac loans clearly failed to meet the stated underwriting criteria.

The question was whether a state that underwrites college scholarships for secular study must also subsidize students who want to study for the ministry.

It is already the third-largest industry, after oil and agriculture, contributing $26 billion to the state economy, underwriting 435,000 jobs and bringing in over $1 billion in state taxes.