On the recordOctober 30, 2013
I think the problem I alluded to in my statement was the credibility of that no backstop, and my suspicion is it would not be credible, so we would be back to an implicit guarantee.
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congress.govI think the problem I alluded to in my statement was the credibility of that no backstop, and my suspicion is it would not be credible, so we would be back to an implicit guarantee.
Johanns discusses the credibility issues of having no backstop in legislation.
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