MBS purchase scheme hits $20bn

The US Treasury’s toxic mortgage-backed security purchase scheme passed the $20 billion threshold in November, with private-sector asset managers committing more than $5 billion to the plan. On November 30, the eighth of nine approved Public-Private Investment Programme (PPIP) asset managers completed the initial closing of its Public-Private Investment Fund (PPIF). This brings the total private capital in the Legacy Securities Programme (LSP) – the part of the PPIP focused on the

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