The effectiveness of the Treasury’s Public Private Investment Program hinges upon whether private investors will take the carrot that the Treasury is offering them. In order to buy into the program, not only do private investors need to be confident that the assets will appreciate in value, but also that the U.S. [...]

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Expect banks stocks to soar on this announcement. Geithner is slated to speak at 12:45pm to reiterate the details on the Treasury’s Public Private Partnership investment program to move toxic assets off bank balance sheets:

Fact Sheet
Public-Private Investment Program
The Financial Stability Plan - Progress So Far: Over the past six weeks, the Treasury Department has [...]

Posted in Public Private Investment Program, forex blog, timothy geithner treasury secretary 1 Comment »