Quotes About Backstop

The risk from terrorism remains acute and the private market cannot continue to operate without a government backstop.

Regulators are a backstop: they don't own banks. The governance at the top of our leading banks has been shown to be lamentably weak. No one at the top of Barclays will take responsibility for systemic abuse.

If you don't have a catcher, the ball goes to the backstop. Casey Stengel explaining why the Mets selected mediocre catcher Hobie Landrith first in the expansion draft.

A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. But such a ratio can have perverse incentives if it is the binding capital requirement because it treats relatively safe activities, such as central clearing, as equivalent to the most risky activities.

If we say to the E.U. our backstop position is that we will be the vassal state, why should the E.U. make any effort to make any arrangement other than us to be a vassal state?

I cannot support an indefinite backstop arrangement where the E.U. holds a veto over our ability to exit.