This is not surprising, since more than half of the adult population is either working in the public sector or living on some form of social transferpayment.
In our view, a leveraged recapitalization makes no sense and its only purpose would be to put substantial equity stakes into friendly hands to entrench management and transfer effective control without paymentof a premium or even, it appears, a shareholder vote.
The US government is building a coalition of federal agencies to promote the use of efficient electronic paymenttransfer methods through The 20% Initiative, an initiative aimed at helping the U.S. us get 20% more bang for our buck.