The Toxic Asset Plan
Monday, March 23, 2009
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The Obama Administration today released the details its plan to work with private investors to buy up the toxic assets that are crippling the financial markets. NBR's Darren Gersh examines, in-depth the plan the Administration is calling the Public-Private Investment Program.
A Theoretical Look at Buying Toxic Assets
Last week, Darren Gersh asked Mike Pagano of Villanova School of Business to explain how the Obama Administration's toxic asset plan might work. Watch that report here: Buying Toxic Assets
External Links/Articles*
- Brookings
The Brookings Institution is a "nonprofit organization devoted to independent research and innovative policy solutions." One of the institute's fellows, Douglas Elliott, is interviewed in Darren Gersh's report. This links to a March 23, 2009 paper authored by Elliott. The paper is titled, "The Public-Private Investment Program: An Assesment." - Peterson Institute for International Economics (PDF Document)
The Peter G Peterson Institute is a "private, nonprofit, nonpartisan research institution devoted to the study of international economic policy." The institute's deputy director, Adam Posen, is interviewed in Darren Gersh's report. This links to a February 26, 2009 paper authored by Adam Posen. The paper is titled, "A Proven Framework to End the U.S. Banking Crisis Including Some Temporary Nationalizations." - U.S. Department of Treasury
This links to a February 10, 2009 issued by the Treasury Department. The release is titled, "Secretary Geithner Introduces Financial Stability Plan." The release mentions the Public-Private Investment Plan that will be created to buy toxic assets. - The Wall Street Journal
This links to a March 23, 2009 Op-Ed authored by Treasury Secretary Timothy Geithner and published in The Wall Street Journal. The Op-Ed is titled, "My Plan for Bad Bank Assets." - The White House
This links to the copy of the transcript of the March 23, 2009 press briefing given by Treasury Secretary Timothy Geithner. The briefing includes a discussion of how the Public-Private Investment Program to buy toxic assets will work.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
