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Archive for the ‘Public-Private Investment Program’ Category
March 24, 2009 Public-Private Investment Program
As part of President Obama’s economic recovery plan, the President and the Secretary of the Treasury, Timothy F. Geithner, announced the details of a public-private plan to buy up banks’ “toxic assets” and auction them off. Administration officials outlined a three-part Public-Private Investment Program that offers private investors vast amounts of cheap, taxpayer-supported financing for [...]