Mr Geithner and Mr Summers want to preserve the banking system largely as it is, in private hands: advocates of nationalisation simply do not appreciate the long-run damage it would do to the efficientfunctioning of the economy.
This year's contests include the largest-ever plasma screen (150 inches), the largest Organic Light-Emitting Diode TV (a new bright and energy-efficient screen), the first functioning laser television and the first TVs that receive high-quality wireless streaming from a high-definition signal.
The confidence of all users of financial statements in the transparency and integrity of financial reporting is critically important to the effective functioning of capital markets, efficient capital allocation, global financial stability and sound economic growth.