06/27/2009 05:12 am ET Updated May 25, 2011

Banks Lobby To Be Both Buyers and Sellers In Troubled Asset Program

Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves.

Banking trade groups are lobbying the Federal Deposit Insurance Corp. for permission to bid on the same assets that the banks would put up for sale as part of the government's Public Private Investment Program.