Category: Treasury

Auctioning your headaches: Part 2, the how

31 March, 2009 (08:38) | Capital markets, PPIP, Subprime, Treasury, US News |

[Continued from yesterday’s Part 1.]   Yesterday’s post laid out, using as our texts a Wall Street Journal article (plain text) and my Recap essay State of the Market 16: Auctioning Your Headaches (quoted in this font), why the capital markets were clamoring for an auction-sale approach to complex pre-restructuring assets that has now been […]

Auctioning your headaches: Part 1, the why

30 March, 2009 (10:55) | Capital markets, Essential posts, PPIP, Subprime, Treasury, US News |

Last week, to the delight of Wall Street and as reported in the Wall Street Journal, Treasury Secretary Geithner finally unveiled the long-awaited financial-recapitalization plan for up to $1,000,000,000,000 worth of complex non-performing securities, in what the administration inelegantly named the Public-Private Investment Program (PPIP).     “A PPIP structure will bring fast fast fast […]