The other main reason for America's success was the creation of the Resolution Trust Corporation, also in 1989.
China has adopted the model of America's Resolution Trust Corporation, which took on the loans of bankrupt savings-and-loan companies.
On April 1st Mr Nakabo becomes head of Japan's version of the Resolution Trust Corporation, the company set up to recover loans made by America's Savings-and-Loans institutions.
One option is to set up a version of America's Resolution Trust Corporation, which inherited and sold off the assets of failed savings and loan associations in the early 1990s.
America's savings-and-loan fiasco of the 1980s was, after much dithering, eventually contained in less than three years by the government's Resolution Trust Corporation, which was charged with disposing of bust institutions' assets.
For advice, it sought out former regulators from the Resolution Trust Corporation, charged in the 1980s with cleaning up America's savings-and-loan (thrift) crisis, and from Securitas, which handled Sweden's banking crisis in the early 1990s.
Pressure is likely to grow for the creation of a more formal mechanism for handling the sick, akin to the Resolution Trust Corporation that took on bad assets from the savings and loan crisis of the 1980s.
The clearing house is a joint venture between NYSE EuroNext and the Depository Trust Clearing Corporation (DTCC).
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The BBC Trust - the corporation's governing body - said Mr MacQuarrie's findings were "very concerning".
Banks say that costs in Europe are several times America's, where the Depository Trust and Clearing Corporation handles most security trades.
The chairman of the BBC Trust says the corporation must "command credibility" in how it deals with allegations the late Sir Jimmy Savile sexually abused girls.
Culture Secretary Maria Miller said the report raised "serious questions around editorial and management issues at the BBC" and urged the Trust, the corporation's governing body, to "help tackle these".
Creditors of the firm, whose full name was Guangdong International Trust and Investment Corporation, included 494 firms, many of them investors from the US, Japan, Hong Kong, Switzerland and South East Asian countries.
Under law, the Corporation is under no obligation to publish details of the fund's assets, but the lack of transparency undermines the trust that the Corporation is trying to win from non-City people who remain immune to the charm of its medieval arrangements.
And on September 23rd a parliamentary committee chastised the BBC Trust, which oversees the corporation, calling it arrogant.
People within the corporation find the trust unpredictable, suspecting that it is driven by pressure from hostile newspapers.
On Monday, BBC Trust chairman Lord Patten said the corporation must "command credibility" in how it dealt with the allegations.
The BBC Trust, which is independent of the corporation's management, has urged a settlement, saying it was in nobody's interest for the disagreement to continue.
The BBC Trust, which is independent of the corporation's management, has urged a settlement, saying it was in nobody's interest for the dispute to continue.
Becoming a Benefit Corporation builds on that foundation of trust, and it mitigates the risk of consumer-fan (not to mention employee) disappointment and desertion post-sale.
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Mrs Miller has written to the chairman of the BBC Trust, Lord Patten, to stress that the corporation's investigations into itself should be conducted "thoroughly".
It is the responsibility of the individual or corporation leasing the property held under public trust by the governing body to not only pay the monetary dues unto the community it is operating in, but also support the heritage, culture, and economic sustainability of that community.
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He points out that when a private corporation is in control of a currency, there has to be trust in its ability to look after its customers' credit.
Also when a individual or corporation does not reinvest anything back into the community for which the land or water trust was held for by the governing body.
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Trust is an overused term, but a guarantee of impartiality and accuracy in news and reporting is what the corporation is for.
By providing a standardized product backed by big national or even global brand advertising, the mother-ship corporation provides franchisees with a way to start a business with a brand that customers already know and trust.
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