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- Initial funding will be $500 billionWall Street Journal: My Plan for Bad Bank Assets (March 23, 2009)
- Potential up to $1 trillionWall Street Journal: My Plan for Bad Bank Assets (March 23, 2009)
- Investors could include hedge funds, private-equity firms, investment managers, life and bond insurersWall Street Journal: UPDATE: Investors Cautious, Curious On Public-Private Plan (March 23, 2009)
- Blackrock Inc., and PIMCO have already said they'll invest in the fundsWall Street Journal: UPDATE: Investors Cautious, Curious On Public-Private Plan (March 23, 2009)
- Life and bond insurer stocks soared after it was announced that they could participateCNN: UPDATE: Bond Insurers Ambac, MBIA Look Over Asset Programs (March 23, 2009)
- Wall Street rebounded almost 500 points on March 23, 2009CNN: UPDATE: Bond Insurers Ambac, MBIA Look Over Asset Programs (March 23, 2009)
- World stocks also climbed in reaction to the Geithner planIrish Times: Obama plan to buy toxic bank assets rallies world markets (March 24, 2009)
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The Public Private Investment Program is a plan developed by the Obama administration led by Treasury Secretary Timothy Geithner to help provide a market for legacy loans and securities.Wall Street Journal: My Plan for Bad Bank Assets (March 23, 2009)
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Encouraging Investments
The program will finance the repurchase of real-estate related loans from banks and securities. Banks will be able to sell pools of loans to dedicated funds, and investors will compete to participate in the funds and take advantage of the financing.Wall Street Journal: My Plan for Bad Bank Assets (March 23, 2009)The Public-Private part means that both the risks and rewards will be shared by taxpayers and investors alike. The intent of the project is to encourage investors to buy up real estate assets that are currently dragging the market down, by sharing the risks—and the rewards—with government funding.Wall Street Journal: My Plan for Bad Bank Assets (March 23, 2009)
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Public Private Investment Program Questions
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What will it take for you to abandon public air travel and fly privately? 5 AnswersThe biggest barrier for most people to flying privately is absolutely cost - even for someone flying first class it is generally still going to be considerably ... read more -
how many public libraries in Bangladesh? 1 AnswerI personally do not live there but I was able to do some research and from what I have found there are only about 9 Public libraries. http://upload.wikimedia.... read more -
Anyone else see private messages accidentally go public? *I did click private message*... 1 AnswerThe public cannot see them.YOU (as sender of message) can. It shows when you do a search and there's a match for that word. I know, thats confusing- that's som... read more -
If money were no object, would you select public or private school for your child? 6 AnswersAs a public school teacher, I am going to answer this question as objectively as possible. It's actually something that I have put a lot of thought into because... read more
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