On the 12 projects, the Government had insured mortgages worth more than $120 million.
The federal government insures pension benefits up to certain levels.
Since 1974, companies have had to fund pensions according to federal rules, and the government has insured the benefits.
By swiftly selling off its assets before the deal is made, the Government insures several things.
"A government must insure the safety of its citizens."
All of society is entitled to a drug-free, safe environment, which the Government must insure.
Such a Government should guarantee fair elections and insure that the military does not interfere in politics, the report said.
If your bank goes broke, the Government has insured your deposits.
The Government insured about 9,800 housing units in Chicago during the period, but none after 1987.
Its deficit, larger than expected, reflects the declining health of the many company plans that the government now insures.