My Way News - Treasury's toxic asset plan could cost $1 trillion: "WASHINGTON (AP) - The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books."
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That "public-private" in the name has a nice neoliberal ring to it, but if you read it over it looks like a great deal more regulatory power for the public partner. I guess the concession to the private sector is that the federal government doesn't flat-out nationalize the banks.
1 comment:
Take nice steps to get the funds and increase the financial position of the bank.MIP
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