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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Public-Private Investment Program

Public-Private Investment Program stories: 6 news summaries

JPMorgan Chief: I Could Repay TARP Tomorrow

Dimon calls bailout money a 'scarlet letter'

(Newser) - JPMorgan Chase can’t wait to pay back the government’s bailout money, CEO Jamie Dimon said today, after the company posted a better-than-expected $2.1 billion in earnings. The CEO called the funds a “scarlet letter,” Bloomberg reports, and said he was just waiting for the Treasury’... More »

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JPMorgan Chase Troubled Asset Relief Program Wall Street bailout Jamie Dimon TARP Public-Private Investment Program PPIP

OPINION

Taxpayers Lose in Treasury's Toxic Asset Plan

Nobelist Stiglitz blasts Obama adminstration for 'perverse' program

(Newser) - The Obama administration's massive public-private investment plan is good news for banks, good news for investors—and bad news for the taxpayer, writes Joseph Stiglitz. In an op-ed for the New York Times, the Nobel Prize-winning economist accuses the Treasury of "replicating the flawed system" that caused this crisis,... More »

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Barack Obama Joseph Stiglitz Obama administration Timothy Geithner toxic assets TALF Public-Private Investment Program

OPINION

Don't Listen
to Krugman—
This Plan
Might Work

Pearlstein lays into fellow columnist

(Newser) - Even before the full details were released, critics were bashing the Treasury's public-private asset purchase plan; Paul Krugman predicted it would fail and lead the country into depression (not to speak of the writer into despair). Steven Pearlstein begs to differ, and the markets seem to agree. For the Washington ... More »

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nationalization Treasury Department Paul Krugman Obama administration Steven Pearlstein Timothy Geithner toxic assets TALF Public-Private Investment Program

ANALYSIS

 Geithner Wins Over Wall Street 

Careful roll out of asset plan helps Treasury secretary get his credibility back

(Newser) - The carefully orchestrated roll out of the federal plan to buy toxic assets has won Tim Geithner Wall Street's support in the nick of time, Jackie Calmes writes in the New York Times. The Treasury secretary—whose plan was slammed when the "framework" was unveiled last month—could scarcely... More »

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Treasury Department bailout Obama administration financial crisis Wall Street bailout Timothy Geithner Public-Private Investment Program

 Treasury 
 Unveils $1T Plan 
 to Clean Up Toxic Assets 

Three-part program will push investors to buy toxic assets

(Newser) - The Treasury unveiled its three-part Public-Private Investment Program today, reports the Wall Street Journal. Under the program, up to $100 billion in TARP funds will be partnered with private investments to buy troubled assets. The Treasury, Federal Reserve, and FDIC will work with hedge funds and private equity to try... More »

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Federal Reserve FDIC Obama administration financial crisis Timothy Geithner TALF Public-Private Investment Program

OPINION

 Geithner: 
 'These 
 Policies 
 Will Work' 

Treasury sec lays out $1T plan in op-ed

(Newser) - Tim Geithner caps a weekend of lobbying for the administration's $1 trillion Public-Private Investment Program in an op-ed for the Wall Street Journal, arguing that "the financial system as a whole is still working against a recovery." For the Treasury secretary, all the previous measures will fail... More »

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Treasury Department mortgage backed securities Obama administration Treasury secretary financial crisis Timothy Geithner TALF Public-Private Investment Program

6 Stories