Public-Private Investment Program – Son of TARP
"The Obama administration unveiled its long-awaited plan to remove toxic assets from the books of the nation’s banks, betting that it can revive the U.S. financial system without resorting to outright nationalization. " is the headline this morning, as Timmy struggles to handle everything’s that on his plate – I’m happy they’re gonna at least try something! All the unnecessary moving parts this Treasury Secretary has added to the basic TARP, probably has made this run at the problem impossible – as is.
If you wanna read the fine print, go HERE - I am hopeful that whatever it is they finally do about these "legacy assets" (since this is full of loop holes and miscalculations) will be done soon. 
