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alexindef

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alexindef

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Sunday, 03/22/2009 6:05:28 PM

Sunday, March 22, 2009 6:05:28 PM

Post# of 596823
Treasury to detail investment funds plan Monday
Sun Mar 22, 2009 5:57pm EDT
WASHINGTON (Reuters) - The U.S. Treasury Department announced on Sunday that Treasury Secretary Timothy Geithner will hold a briefing on Monday morning on efforts to stabilize the financial system.

"Tomorrow, Treasury will announce details of the next component: the Public Private Investment Program, which will invest alongside private investors in funds that will provide a market for the legacy loans and securities that currently burden the financial system" Treasury said in an announcement.

(Reporting by David Lawder, writing by Glenn Somerville, editing by Richard Chang)

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