You raise an interesting question.
In the case of AGI, the Federal Reserve did it, a federal agency that serves as the banker for the U.S. government.
The Fed filled the president and congress in.
Nice.
I also find it interesting that private companies wanted no part of AGI's troubled bank account.
So again, we have bureaucrats and politicians who think government should stay out of the free market process because the private sector knows better. Yet, when the private sector said "Now way" to AGI, the public sector knows better.
Go figure.
Mac McKerral
You raise an interesting question. In the case of AGI, the Federal Reserve did it, a federal agency that serves as the banker for the U.S. government. The Fed filled the president and congress in. Nice. I also find it interesting that private companies wanted no part of AGI's troubled bank account. So again, we have bureaucrats and politicians who think government should stay out of the free market process because the private sector knows better. Yet, when the private sector said "Now way" to AGI, the public sector knows better. Go figure.
Mac McKerral