Observers question need now that PPIP is finally ready

10/7/2009 | IDDMagazine.com

The Treasury announced that a handful of investment funds raised billions of dollars to participate in the Public-Private Investment Program, but industry observers questioned whether the program is necessary. Banks have written down much of their troubled assets and were given greater latitude to value their securities. Also, most banks have been able to tap capital markets to raise funds. Finally, the issue of how to price troubled assets, the biggest issue with PPIP, has not been resolved.

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