Posted on 06/30/2009 2:41:25 PM PDT by fiscon1
It received much fanfare, speculation and criticism when it was first introduced both in February and in March. Now, the Private Public Investment Program (PPIP) is about set to launch. Secretary Geithner first talked about this in February. When he made his initial speech on the matter, he was very vague and general. The market proceeded to plunge four hundred points in the aftermath. Secretary Geithner came back in March with a much more detailed plan and the market responded more favorably. The plan is extremely complicated and it's ultimately unclear if it will work. It has also since gone through a major rework. Now, it's just about ready to launch.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
I think this is in regards to the Toxic Asset Sale. Pennies for your dollars anyone?
and GE is a major beneficiary. How convenient?
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