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Updated:
March 27, 2009
Treasury Details Plan to Buy Risky Assets:
New York TImes
Edmund L. Andrews and Eric Dash
March 23, 2009
Excerpt:
An attractive feature of the program is that it will allow the marketplace to establish values for the assets — based, of course, on the auction mechanism that will signal what someone is willing to pay for them — and thus might ease the virtual paralysis that has surrounded those assets up to now. For a relatively small equity exposure, the private investor thus stands to make a considerable return if prices recover. The government will make a gain as well.
