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| US Strategy and Economics: The PPIP: A Step Forward | | The Treasury's Public-Private Investment Program (PPIP) is a constructive step forward to repair the financial system. In particular, we believe that the Legacy Securities Plan is promising and should help the securitization process. The loan program is less likely to succeed, as the gap between bank marks on these distressed assets and their economic value appears too wide to be bridged even by attractive leverage and FDIC guaranteed financing. | | 2009-02-28 04:05:21 |
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