PPIP

Banks Want Taxpayer Aid To Buy Toxic Assets From Themselves

Banks Want Taxpayer Aid To Buy Toxic Assets From Themselves

By 5.28.09

…The Public-Private Investment Program provides subsidies to private investors to encourage them to buy legacy loans from banks. The goal is to encourage buyers to bid more than they are currently willing to pay, and hopefully close the gap with the prices at which the banks are willing to sell.