On the other hand, the government says, it's not guaranteeing them.

同时,政府也宣称,不会为他们进行担保

耶鲁公开课 - 金融市场课程节选

The general market assumes--and also the government still regulates them.

市场普遍认为...同时,政府也对他们进行监管

耶鲁公开课 - 金融市场课程节选