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As A.I.G. bordered on bankruptcy, Mr. Geithner pressed first for a private sector solution.
"So that's why I would use an old-fashioned public sector solution".
Yes.Should he have taken a private sector solution at any price?
And it's highly unlikely that there's a public sector solution that could fill that gap," Shah said.
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.
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We cannot rely on public sector solutions exclusively or indefinitely.
However, public sector intervention is required, if such private sector solutions were unavailable.
But what we may have missed is his commitment to private sector solutions.
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.
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