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By Benedicte Gravrand, Opalesque London:
One of U.S. Treasury Secretary Timothy Geithner’s initiative, called the Public-Private Investment Program, or PPIP, has lost momentum, reported the Wall Street Journal on Monday, as big banks are worried about having to sell at fire-sale prices while small banks fear they would be shut out. Potential buyers balk at the risk of doing business with the government, concerned that politicians might demonize them for making big profits (coverage).
On March 23, 2009, the FDIC, the Federal Reserve and the U.S. Treasury announced the ...................... To view our full article Click here
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