To have it only kick in when an entity that is guaranteed becomes insolvent means that the strength of these guarantees has to be really there
Bob Corker: “To have it only kick in when an entity that is guaranteed becomes insolvent means that the strength of these guarantees…”
On the recordOctober 30, 2013
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congress.govEditor's note · Context
Corker discusses the conditions under which financial guarantees should activate.
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