In advance of U.S. Treasury Secretary Tim Geithner's remarks scheduled for 8:45 am EDT today, the Treasury Department released details on its three-pronged plan to purchase toxic assets from banks through a Public-Private Investment Program (PPIP). See Treasury's press release. Additional information, including a Fact Sheet, White Paper, and more, are in the process of being posted on the special website established by Treasury last month, www.financialstability.gov. See related news in our posts over the weekend, Three-Pronged Approach To Addressing Banks' Toxic Assets Unveiled, and The Turner Review: U.K. FSA Recommends Response to Global Credit Crisis. If you received this blog post from a friend, send an email to firstname.lastname@example.org and write Sign Up in the subject line if you'd like to receive our blog by email.
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