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As A.I.G. bordered on bankruptcy, Mr. Geithner pressed first for a private sector solution.
Yes.Should he have taken a private sector solution at any price?
Owned by their members and not listed on exchanges, they control about a fifth of the European retail market and want to highlight their private sector solution.
If the private sector solution fails, the expectation is that the Italian government will orchestrate a "precautionary recapitalisation" – a state-supported cash injection for the bank.
By involving the audit committees, Mr. Levitt said yesterday, this will be a "private sector solution" that will ensure that auditor independence is protected.
It was right to allow the board of the bank and the shareholders time to see if a private sector solution could be found.
Similar(47)
But beyond the financing, we will also be working with developing countries s to help them to implement effective solutions to climate change challenges, drawing on our local presence in over 150 countries, our accumulated global experience, our ability to draw on multi-sectoral expertise and to combine both public and private sector solutions.
However, public sector intervention is required, if such private sector solutions were unavailable.
She writes a bi-weekly blog about private sector solutions to global health at Forbes.com.
"Private sector solutions — rights issues, sale of assets, mergers, etc. — are preferred.
She writes a blog about private sector solutions to global health at Forbes.com.
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CEO of Professional Science Editing for Scientists @ prosciediting.com