The Sport and Recreation Alliance, an umbrella organisation for sports bodies, welcomed the "clear and transparent plan" but said "structured targets" were needed to measure the achievements from the different programmes.
The problem is twofold: One is that depending on how it's structured, if recipients are suddenly getting a plan that has their reimbursement rates going like this, but health care costs are still going up like that, then over time the way we're saving money is essentially by capping what they're getting relative to their costs.
America's bail-out plan could even accelerate the pace of write-downs on structured credit if it sets a price below today's European valuations for nasty assets.
Precisely one year after his return as chief executive of MBIA, JayBrownJay Brown formalized his plan to separate the insurer's municipal bond business from the structured finance business that has given it so much trouble.
And some institutions, bankers allege, were parking illiquid structured products in their trading books to attract a lower capital charge (regulators now plan to beef these charges up).