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Geithner's Private Investment Fund Details Revealed

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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 the whole story at Financial Times