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If government is to play a role in insuring the mortgage system against catastrophe, they believe it will require a new type of public-private partnership, in which the private sector prices the risk but insures only a portion itself, with the government covering the rest as a silent partner and receiving the corresponding premiums.
ECONOMIST: Why Fannie Mae and Freddie Mac need to diet
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William Moses seemed to have the right impulse when he and silent partner Jonathan Katch launched the Santa Monica, California-based Recovery Network in 1994--a cable TV network to help people deal with substance abuse, as well as family violence and depression.
FORBES: Hitting bottom
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Dufresne conjures up Stevens and then creates all the legal documents necessary to run the tainted money through the nonexistent silent partner.
FORBES: Harry Reid, Shawshank Redemption, And The Invention Of A Phony Global Warming Scare