Taxpayers On The Hook For $40 Billion PPIP For Troubled Bank Assets| Problem Bank List

Full story: problembanklist.com

The Treasury, Federal Reserve and the FDIC today released a joint statement on the plan to buy troubled bank assets under the Public-Private Investment Program. Nine chosen money management firms will purchase as much as $40 billion in troubled bank assets using mostly taxpayer money. The goal of the PPIP is to hasten recovery of the banking ...

Leave a Comment

Comments

Type in your comments to post to the forum

Name
(appears on your post)

Comments

Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Mortgage Discussions

Topic	Updated	Last By	Comments
Mortgages: Miami man faces fraud charge (Dec '08)	13 min	Mafalda	42
Web of foreclosure spreads in Marin	57 min	adoptthe82nd	23
It's home sweet home at reclaimed Lebanon site	3 hr	thomas paine	7
Toll Brothers to Webcast Live November 18th and...	6 hr	Weekend signs	1
Interest rates spurring business, builder says	6 hr	Weekend signs	1
Solicitors examined in fraud case	7 hr	Tony	1
National City might block refinancing (Mar '08)	7 hr	Whodat	27