= Members Only Content
Treasury's Public-Private Investment Program
Treasury has unveiled two new programs – the "Legacy Loans Program" and the "Legacy Securities Program" – as part of the recently announced PPIP. Both programs use public equity and debt (or debt guarantees) as incentives for private capital to purchase troubled assets on banks' books.
The attractive financing options are intended to enable investors to pay more for an asset than they otherwise would and still make a profit. However, the success of any of the programs described below will depend on whether the incentives are sufficient to enable buyers and sellers to agree on a price.
Below are links to information that helps interested parties understand the new programs. Please contact Rob Strand or Mark Tenhundfeld with any comments or questions you have about these programs.
ABA Staff Contact: Rob Strand, 202.663.5350, rstrand@aba.com.
