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To: bumblin bob who wrote (190118)	3/22/2009 12:59:10 PM
From: Connor26	Respond to of 208838

thanks Bob

To: bumblin bob who wrote (190118)	3/22/2009 6:19:57 PM
From: Connor26	Read Replies (3) \| Respond to of 208838

so do banks soar or crash on this news/plan? Treasury's toxic asset plan could cost $1 trillion Administration rolling out plan to buy up to $1 trillion in toxic assets Martin Crutsinger, AP Economics Writer Sunday March 22, 2009, 5:03 pm EDT WASHINGTON (AP) -- The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books. The new effort, to be unveiled Monday, will be followed the next day with release of the administration's broad framework for overhauling the financial system to ensure that the current crisis -- the worst in seven decades -- is not repeated. A key part of that regulatory framework will give the government new resolution authority to take over troubled institutions that would pose a threat to the entire financial system if they failed. finance.yahoo.com