Questions raised over US scheme to buy toxic assets


Analysts predict the US Treasury's Public-Private Investment Program (PPIP) will encourage investors to buy toxic assets from banks, but issues surrounding the scheme's operation remain unresolved.

On March 23, Treasury secretary Timothy Geithner announced up to $100 billion from the Troubled Assets Relief Program (Tarp) will be allocated into the two-part PPIP alongside private capital to purchase between $500 billion and $1 trillion of legacy real estate loans and mortgage-backed securities (M

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