Private component of "bad bank" plan applauded by investors

02/10/2009 | Financial Times (free content)

The involvement of private capital in the stimulus plan's "bad bank" component could help the program get off the ground, according to private-sector investors. "We would be prepared to commit a lot of capital and so would other people. Private equity is pretty good at figuring out what the value of assets should be," said Wilbur Ross, a distressed-debt investor.

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