GOOD PLAN! now they need to execute
Geithner: My Plan for Bad Bank Assets - WSJ.com
Today, we are announcing another critical piece of our plan to increase the flow of credit and expand liquidity. Our new Public-Private Investment Program will set up funds to provide a market for the legacy loans and securities that currently burden the financial system.
The Public-Private Investment Program will purchase real-estate related loans from banks and securities from the broader markets. Banks will have the ability to sell pools of loans to dedicated funds, and investors will compete to have the ability to participate in those funds and take advantage of the financing provided by the government.
Monday, March 23, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.