Today, the Treasury Department released details of its Toxic Clean-Up Plan.
Touted as the "Public-Private Investment Program", the strategy represents the latest effort on the part of the Administration to purge bad assets from banks' balance sheets and free-up credit.
Using $75 to $100 billion in TARP capital and capital from private investors (8%), the Public-Private Investment Program will generate $500 billion in purchasing power to buy legacy assets - with the potential to expand to $1 trillion over time.
According to the Treasury Department, the Public-Private Investment Program will be designed around three basic principles: read more....
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