The government yesterday rolled out its plan to remove toxic assets and soured loans from banks by creating investment partnerships with private investors. Here's how the portion of the plan that involves the Federal Deposit Insurance Corp. would work. The government released fewer details about how the Federal Reserve would operate similar partnerships.
SOURCE: | By David Cho, Brenna Maloney and Laura Stanton - The Washington Post - March 24, 2009
U.S. to Help Investors Buy Bank Assets Article | Financial markets roared ahead yesterday as investors reacted with near-euphoria to the Obama administration's new trillion-dollar plan to stabilize banks by relieving them of their troubled assets and risky loans.