And Sir Howard Davies, Director of the London School of Economics, said that people "will now be wondering what just what is guaranteed debt around the world" adding that Dubai's ambitions "will have to be scaled back considerably".
Steven Eisman of Frontpoint Capital delivered a scathing brief against for-profit education companies Corinthian Colleges, Apollo Group, ESI and Washington Post, saying they were creating the next subprime crisis by inducing students to borrow billions of dollars in federally guaranteed debt.
This includes debt guaranteed by the federal government, like money market funds and bank CDs, and the obligations of government agencies like Ginnie Mae, Freddie Mac and Fannie Mae mortgage debt.
One way to encourage them along the road to the financial guillotine would be through debt exchanges whereby their devalued bonds would be swapped for claims on debt guaranteed by the EFSF.
It will have all the insured deposits and the FDIC-guaranteed short-term debt as liabilities.
In several mainland infrastructure projects, the lenders get guaranteed foreign-currency returns: debt by any other name.
Rep. Louie Gohmert, R-Texas, also disagreed with giving up the leverage of the debt ceiling without any guaranteed spending cuts in return.
Guarantees encourage banks to operate with higher levels of leverage because markets believe that their liabilities--not just customer deposits but also their uninsured public debt--are guaranteed.
And here we have Sarkozy (with whom Merkel was agreeing) and Merkel saying that all sovereign debt right across Europe is now guaranteed.
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But apparently, the program is still needed, and mostly for the big banks who will be guaranteed a premium price paid for selling Treasury debt and mortgage backed securities to the Federal Reserve.
The reconfigured Soviet center is also collaborating with Western governments to stave off an imminent Soviet debt rescheduling by quick infusions of taxpayer-guaranteed funds.
Until now, Germany had been a key opponent to the creation of a large eurobond market allowing European Union member states to refinance their debt themselves directly via the issue of bonds guaranteed by the EU, or at least by the eurozone itself.
Much of the debt that students are taking on is provided or guaranteed by the government.
But the debt ceiling debate should show us that this is no longer guaranteed to work.
But Treasuries are guaranteed by the federal government, whereas Fannie's and Freddie's debt is not, at least in theory.
Debt markets would be moribund, were it not for government-guaranteed issuance.
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And without the ECB as a ready buyer of European sovereign debt when the markets revolt once more, Euro monetary deflation is virtually guaranteed.
According to Fitch, the revenue and debt-service outlook for MLB, NBA, NFL and NHL teams and stadiums is stable because of guaranteed long-term television deals that are increasing in value, labor peace between owners and players and solid attendance at most events.
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