Treasury Unveils Toxic-Asset Plan
The Treasury's ambitious plan to buy up billions of dollars in toxic mortgage securities is officially up and running, if more modestly than originally envisioned, and deals could begin closing within a month. One of the participants in the long-awaited Public-Private Investment Program (PPIP), Wilbur Ross, chairman of WL Ross & Co., offers his perspective.
Posted on July 9, 2009
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