But when the states' ratifying conventions insisted on specific guarantees, the first Congress went to work.

Over the last year, however, our performance has been very strong on guarantees.

It is seeking $2 billion a year on guarantees for each of five years.

It allows the participating bank to insist, for the first time, on personal guarantees.

For further information on financial guarantees - see section 4.

Thus, the proposal on procedural guarantees must be addressed at the same time.

That involves agreement on at least some concrete actions or guarantees.

We have examined the proposals over the past 10 years and insisted on guarantees in a number of sensitive areas.

"They insisted on personal guarantees that are not normal in business deals of this kind," he said.

Well, I'm joined by a few people who can give you some clues on guarantees.