Government
Sep. 3, 2009
Toxic Assets Plan Poses Quandary for Investment Funds
Observers are optimistic about the potential for one of the federal government's programs designed to help banks unload toxic securities -- the public-private investment program -- but the PPIP also is raising questions.
Daily Journal Staff Writer WASHINGTON - Following passage of the $700 billion bailout bill last fall, the federal government has been trying to clean up toxic assets from banks' balance sheets in order to ease the flow of credit in the financial system. That plan, formally named the Troubled Asset Relief Program and generally known as TARP, is just one of an alphabet soup of similar federal efforts. Another is the Public-Private...
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