Toxic Asset Clean Up Plan Finally Announced, Implementation Expected to be Key to Success
March 26, 2009
The Obama administration’s long-awaited blueprint for helping banks dump “toxic” assets from their portfolios so they can fire up their lending programs met with widespread enthusiasm this week, but observers say the impact of the program still hinges on pricing and other technical issues. “While attractive from a macro perspective, the implementation will... [Includes one chart and one graph]