Quick Insurance Source

Ah the Public-Private Investment Program. Another brilliant slush fund economic stimulus program brought to you by Tim Geithner. The PPIP is supposed to work thusly:The Treasury will partner with private investors to buy toxic assets off of the banks. The FDIC will garunetee loans put up by the seller of the asset for half the capital while the private investor will provide the other half. If the asset actually turns out to have some value the private investor makes out quite well while due

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