Based on the principle that taxpayers should never again bear the burden of future financial crises, priority clearly must always be given to private-sector solutions (including recapitalizations, ownership transfers, purchases & assumptions), ahead of any other source of support and certainly before taxpayer money is tapped.
2 Despite these pay offs, standardisation was  1  Carlton DW and JM Klamer (1983), “The Need for Coordination among Firms, with Special Reference to Network Industries”, The University of Chicago Law Review, 50(2), pp 446-465. 2  See Carlton and Klamer (1983), p 455. 2  BIS Review 36/2009  still not complete.