The government, he said, is "committed toward divesting government holdings," citing the sale of post office assets, two Petronas subsidies and a sugar business.
Franklin Peale was required to post assets as security for the support of his former wife; his sister Sophy lent him some of her stock in the museum for that purpose.
There is a trade-off between the tax-debt shield and the utility cost of ex-post asset substitution.
PlusFunds.com, based in New York, has tried to encourage transparency in hedge funds by persuading some new ones to list on the Bermuda stock exchange, requiring them to post daily asset values.
The State Senate approved, 33 to 6, legislation backed by Gov. James S. Gilmore III capping at $25 million the value of bonds a company would have to post against assets in the state while appealing a court ruling.
On Wednesday, the ratings agency Fitch said that Repsol's L.N.G. divestment "improves Repsol's credit metrics, but any positive rating action is dependent on the post-tax asset disposal proceeds of approximately €2.7 billion being fully utilized to reduce financial indebtedness".
Over the same period, Taiwan's industry grew 25% a year and Thailand posted annual asset growth of better than 50%, according to Salomon Smith Barney.
Unlike those steps, the idea to post toxic assets on the web is still in formative stages.
Mr. Wade, 40, works in New York as a senior vice president in the derivatives group of Lamco, a branch of Lehman Brothers Holdings that handles the company's post-bankruptcy assets.
Posting the assets online could result in "eyes focusing on one particular place.
That said, Richardson considers the idea of posting toxic assets online one that, while "a little gimmicky" could "work pretty well".
