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The situation had gone much severe that a large number of Thai financial institutions were not anymore to pay back their debts; the government's bailout operation was expected.
The Resolution Trust Corporation handles the actual bailout operation, selling off the assets of insolvent institutions to recover as much money as possible.
Neel Kashkari, the assistant Treasury secretary serving as the interim chief of the bailout operation, did not dispute most of the report's recommendations.
Nationalization is a major step, but the terms of former Treasury Secretary Henry Paulson's bailout operation are actually more suspect.
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Now that we are well into the Great Recession, little evidence exists that the proliferation of Treasury and Federal Reserve bailout operations is bringing us out of it any more rapidly than we might have expected from normal market forces.
The Federal Reserve System - itself an independent government entity therefore having human rights obligations - has extended its emergency powers in response to the crisis, but at the same time refused to disclose to us, the people, the details of its bailout operations.
The city owns the theater in downtown New Haven but refused a bailout of the operations when the deficit grew to an estimated $1.5 million.
9.59pm BST Why taxpayers were left on the hook On page 28 of the report (pdf), the IMF bluntly admits that the 2010 bailout was a "holding operation", and taxpapers paid the price.
With any luck, Rudolph's red-nosed friend Ted Kennedy will deny Santa's homogeneous little North Pole corporate operation a bailout on grounds of discrimination.
He notes that the Co-op, currently asking bondholders to take losses to avoid a taxpayer bailout, has no casino operations.
Goldman has been pilloried since 2008 for not only surviving but thriving after the meltdown, thanks to billions in taxpayer bailouts of its operations and customers like AIG, who, otherwise, would have stuck it with billions in bad debts regarding credit default swaps.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com