geithner

Could you profit from Obama and Geithner's toxic assets plan?

Posted March 24, 2009 - 17:27 by Xin Lu

Personal Finance, Taxes, Real Estate and Housing, Investment

toxic waste

This week the United States Treasury announced the Legacy Loans Program. The program is meant to be a partnership between the government and private investors to clear "toxic" assets off the books of banks. Some large financial firms have expressed that they may set up mutual funds to buy these assets. Could you possibly profit by buying these funds as an individual investor?

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