ECB official defends bond purchase plan KARLSRUHE, Germany (AP) — A top European Central Bank official has defended the bank's key crisis backstop in a second day of hearings before Germany's Federal Constitutional Court.
June 12, 2013 - Washington Examiner
ECB official defends crisis action in German court A top European Central Bank official is defending the bank's key financial crisis backstop against a legal challenge in Germany's constitutional court. Joerg Asmussen says the ECB's plan to purchase bonds ...
June 11, 2013 - Associated Press via Yahoo! News
Ben Bernanke in CharlotteObserver.com That experience suggests that, at least under the most stressed conditions, some form of government backstop may be necessary to ensure continued securitization of mortgages,Bernanke said.
Rudy Giuliani in Forbes Senator McCain has said that he does not support a national catastrophic fund as a backstop. I do,Giuliani said. "Senator McCain believes that FEMA should handle this."
Henry Paulson in AFP This facility is intended to serve as an ultimate liquidity backstop,and will be available through December 2009, Paulson said.