Tuesday, March 24, 2009
Public Private Invesment Program
Details on Public Private Partnership Investment Program
-Legacy Loan program
capital: US gov and private
financing: FDIC garantee debt and leverage up to 6:1 (private buyers will issue debt garanteed by FDICs) (whole loans)
-Legacy Securities program
capital:private and USG capital and potential USG leverage 1:1:1
financing: builds on existing TALF framework (ABS)
http://www.ustreas.gov/press/releases/tg65.htm
http://www.treas.gov/press/releases/reports/ppip_fact_sheet.pdf (with samples)
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