But when a claim comes into a private company it is entered into the computer system, which performs several routine checks.

FORBES: Magazine Article

In the early 1990s, when privatisation was still heresy in Brazil, Mr Palocci, then mayor of Ribeirao Preto, a city in Sao Paulo's farmbelt, sold the municipal telephone company and called on private investors to build a water-treatment system.

ECONOMIST: Brazil's new president: Mr da Silva goes to Washington | The

Regardless of how effective the filters might be, the idea that the only thing standing between a functional GPS system and a constellation of space-borne paperweights is a private company's privately-developed, privately-operated filtering equipment... but then again, we love LTE.

ENGADGET: US Air Force raises concerns over LightSquared's LTE network messing with GPS

They are a walking, talking, screaming moral hazard that's been in the American financial system for 70 years because they are exactly what I described - a private company that gets the benefit of any risks, but the government, for 70 years, has told the world - like you said, with a wink and a nudge - we're going to take care of them if anything bad happens.

NPR: Wall Street Woes: Who Gets A Bailout?

Malcolm Bendle, the Longtown company secretary, maintains that the market's book-keeping system is so meticulous that private trading is impossible.

ECONOMIST: Farmers