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Instead, it had to be backstopped by ironclad lines of credit at commercial banks.
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Life insurers are also backstopped by guaranty associations, whose benefit limits vary by state.
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Such long-term trends backstopped by consistent consumer demand to watch the game live are not bubbles.
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Most dramatically, the Irish government in the fall of 2008 backstopped its banks, putting its public finances through a wringer.
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The government could have backstopped money markets and interbank clearing house activities.
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The ARS system, backstopped by that formidable sounding team, worked very well.
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Jim Reis, owner of a construction company and a member of the board of education, is one of those who backstopped the loan.
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Supporters of self-regulation argue that the exchanges are uniquely positioned to discipline members and are, in any case, backstopped by the legal system and the Securities and Exchange Commission (SEC).
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The community is now backstopped by counsellors and psychologists.
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For the same reason, he argues, the risk inherent in commercial banks' proprietary trading activities is not warranted and should not be backstopped by the safety net provided to ensure deposit-taking institutions' core activities.
FORBES: Doctor Doom