Treasury To Offer Details On Toxic-Asset Plan In Coming Week

Treasury To Offer Details On Toxic-Asset Plan In Coming Week

The Treasury will offer more details in the coming week about how proposed public-private partnerships to take bad assets off banks' books will work, a senior department official said on Saturday.

The proposal for such partnerships was first made by Treasury Secretary Timothy Geithner in February but the lack of detail about them at the time disappointed financial markets led to a sharp drop in stock prices.

Popular in the Community

Close

What's Hot