Richard
02-14-2009, 11:23
Treasury Secretary Tim Geithner has pledged U.S. financing for programs creating a Public-Private investment fund, with an initial capacity of $500 billion, to provide financing for private investors to buy distressed securities, spurring new lending and addressing banks' toxic assets.
Economists have dubbed Geithner's programs the Bad Assets Relief Fund, or BARF for short.
Economists have dubbed Geithner's programs the Bad Assets Relief Fund, or BARF for short.