How quickly can the administration get the public-private investment program for toxic assets up and running?
In addition, the Treasury's Public-Private Investment Program (PPIP) plans to subsidize the purchase of banks' "toxic assets" by hedge funds and other investors.
The Public-Private Investment Program is better for the taxpayer than having the government alone directly purchase the assets from banks that are still operating and assume a larger share of the losses.
Some examples: The German government-owned development bank KfW has launched the first public-private parallel investment program specifically for social entrepreneurs.
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Private investment under the program is allowed for a speculative portion, speculative because investments can south as well as north.
For decades, policy wonks on the Republican fringes had talked about turning Social Security, the government safety-net program for retirees, into a system of private investment accounts.
This is because so much of the benefit obligations of the program are shifted to financing through private savings and investment rather than public tax and spending redistribution.
Mr. Santorum criticized Mr. Gingrich for advocating private investment accounts in Social Security, saying that would undermine the program's solvency, and attacked Mr. Romney for failing to offer deeper, more immediate plans.
Critics said the report exaggerated the retirement program's financial problems in order to promote private investment accounts.
In addition, the government is expected to pay several investment management firms to match private-sector money and expand a new Treasury-Federal Reserve program designed to boost consumer lending.
He also worked in the private sector as an investment banker and headed the investigation into the United Nations' oil-for-food program for Iraq.
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