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The FDIC's Legacy Loans Program's $1 billion pilot program attracts no interest. The Public Private Partnership Program of Secretary Geithner, like Secretary Paulson's TARP program before Geithner, is also unlikely to attract much interest as banks are not willing to take the prices that would require them to show large losses on their books. But this means that these problems are postponed for another day.
Plan to Help Banks Clear Their Books Is Halted
New York Times 06/04/2009
Rising Interest on Nations’ Debts May Sap World Growth
New York Times 06/04/2009
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