Geithner talks up private capital ahead of today's announcement
(NEWSER) - The Treasury today unveils its three-part public-private plan to purchase $1 trillion in troubled assets, offering lucrative subsidies to private investors to encourage them to participate. The Obama administration spent the weekend wooing hesitant private investors—hedge funds, private equity firms, and sovereign wealth funds—who fear future regulation or AIG-like public scrutiny. "The deal is good, but it’s not worth it if I’m buying myself into a retroactive tax or a Congressional hearing," one CEO told the New York Times. More»
