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Bailout
: Calculated RiskGeithner: PPIP to Start by Early July
By Anonymous
Treasury Secretary Timothy Geithner said he expects a pair of government programs to help banks remove their distressed assets will start by early July ...Here is Geithner's prepared statement.The Treasury?s Public-Private Investment Program will use $75 billion to $100 billion of government funds to finance sales of as much as $1 trillion in distressed mortgage-backed securities and other assets.
Full post as published by Calculated Risk on May 20, 2009 (boomark / email).
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