3 more funds to buy troubled assets through PPIP

10/5/2009 | Reuters

Three more funds will be allowed to buy troubled assets with U.S. government support through the Public-Private Investment Program, the Treasury is expected to announce. Nine funds have been raised by private investment funds. The Treasury hopes to see about $40 billion in troubled assets sold under the program, with the amount scaled back from the original $1 trillion objective.

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