BUSINESS
03/27/2009 05:12 am ET Updated May 25, 2011

Geithner's Private Investment Fund Details Revealed

One reason the US authorities are reluctant to pull the plug on any big banks is that they hope their toxic asset purchase plan could show that losses on traded assets may not be as large as feared...

...Details of the scheme are still being worked on. Yet some people involved in the interagency process say the authorities could provide $6 of loans for every $1 in equity capital deployed by the private investors joining the government's Public Private Investment Fund.

Read more on Financial Times