Legacy Securities

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Regulators Reveal PPIP Fund Managers

Jul 08, 2009By

[Update 1 includes details on the FDIC’s legacy loans arm of the PPIP] The US Treasury Department officially unveiled the Public-Private Investment Program (PPIP), on Wednesday releasing long-awaited details on the program. The PPIP is divided in two major programs — the securities branch and the loan branch — which together aim to clear mortgage-related securities and other toxic assets from banks’ balance sheets.