The big clean-up

p38-ratul-gif

The Public-Private Investment Program (PPIP), the US Treasury's long-awaited scheme to purchase so-called legacy assets from US financial institutions as a means to repair balance sheets and help recovery, was unveiled on March 23 (Risk April 2009, page 10(1)).

US Treasury secretary Timothy Geithner, who had spent the preceding weekend on a media blitz promoting the plan, claimed it was "superior to the alternatives of either hoping for banks to gradually work these assets off their books or of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here