Investment Funds May Replace 'Bad Bank'

Administration eyes creation of private funds to suck up toxic debt

By Rob Quinn, Newser Staff

Posted Mar 3, 2009 4:50 AM CST

(Newser) – The Obama administration is considering creating multiple investment funds to buy up the toxic debts at the heart of the financial crisis, insiders tell the Wall Street Journal. No fixed structure has been agreed upon, but under one leading plan the funds would be administered... Read full story »

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Investment Funds May Replace 'Bad Bank'

Administration eyes creation of private funds to suck up toxic debt

Treasury Department • credit crisis • investment fund • bailout • Obama administration • financial crisis • Wall Street bailout • bad bank • toxic assets • TALF

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