The Beat: U.S. Treasury Unveils Plan to Deal with Toxic Assets
Big news comes from the Treasury Department Monday citing the U.S. will use up to $100 billion in funds from the Troubled Asset Relief Program, as well as capital from private investors, in order to generate $500 billion in purchasing power to buy toxic loans and assets. The program could potentially expand to $1 trillion over time.
Check out the story in full over at the WSJ.
