Credit Crisis Advisory: The Public-Private Investment Program |
The U.S. Treasury has announced a new program to purchase “legacy” assets currently impacting the U.S. financial system. The program, known as the Public-Private Investment Program (PPIP), involves two plans – one for loans and one for securities. The initiative will seek to purchase $500 billion in troubled assets using approximately $75 to $100 billion of existing Troubled Assets Relief Program (TARP) capital. Over time, this purchasing power could be expanded to $1 trillion, subject to Congressional approval.
Although more specific than earlier Treasury announcements, many details still remain unclear and are subject to further guidance. The program will take time to make it operational.
Read the full article below.
Related Content
Library:
Credit Crisis Advisory Resource Library
Resource:
Economic Stimulus: Financial Stability Strategy
Overview:
Center for Banking Solutions
Stay Connected
Subscribe to:
Deloitte Center for Banking Solutions newsletters |
RSS
(
What is RSS?
) |
Twitter
Last updated
Credit Crisis Advisory: The Public-Private Investment Program
(90.34 KB)
