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In fact, Chicago taxpayers, investors and mayors across the country will tell you that not only was it an unmitigated disaster, it is also Exhibit A in the folly of blindly giving up taxpayer control of services.
Coast to coast, public services are being outsourced, often to for-profit corporations, by cash-strapped local governments resulting in a loss of accountability and taxpayer control.
And reality struck last year in Texas (where two for-profit facilities have been closed) and Florida (where some private facilities have been placed back under taxpayer control).
Through its own recent polling, Cohen said In the Public Interest has found that respondents are far less likely to support privatization when it's framed as an issue of taxpayer control of tax-funded services.
As more cash-strapped municipalities consider outsourcing services to try to save money, one public interest group is hoping to turn privatization efforts into a debate over taxpayer control.
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Lloyds closed 1.48p higher at 67.73p while the other taxpayer controlled bank, Royal Bank of Scotland, rose 0.4p to 304.4p.
The FTSE 100 blue-chip index rose 1.2% to 5565.53, helped by rises in shares in banks such as Lloyds and Royal Bank of Scotland, both taxpayer controlled, which enjoyed rises of 2.6%and2.4%4% respectively.
It's a taxpayer controlled bank so Mr Horta-Osório's contract should be totally transparent with any bonus deferred until Lloyds has delivered for British business," said Oakeshott.
" Taxpayers control the bank and we are entitled to know what the boss has to do to get his bonus.
"We taxpayers control RBS and Lloyds with 60% of the SME market – so we must act directly, starting with them, to end the loan famine and let small businesses grow.
The prime minister's statement was made in a letter to consumer campaigner Martin Lewis of moneysavingexpert.com, and comes just weeks after a climbdown by taxpayer-controlled Royal Bank of Scotland.
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