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The U.S. Public Private Investment Program as it looks in October 2009 will resolve only $12 billion of bad assets.

01/19/2009

Only $12 billion of bad assets will be resolved in the USA, out of an IMF estimated worldwide total of $1.4 trillion in bad assets remaining on the books of financial institutions. It leaves the problem of toxic assets as an overhang for the world financial system should things deteriorate. And it could beseen as a failure to address the problem.

Grouped Articles

Program to Buy Bad Assets Nearly in Place, U.S. Says

New York Times 10.05.2009

Wall Street Voodoo

New York Times 01.19.2009


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