Yesterday, in the Wall Street Journal, Wilbur Ross added more detail to his previously stated desire to take the government up on its offer to lend money to those who want to buy toxic bank assets. He wants to take advantage of the Treasury's Public / Private Investment Partnership (known as "Pee-Pip" because of its initials.)
Ross says he'll invest as much as $1 billion. By my calculations, that will give him a $12 billion fund. JP Morgan, for one, has no interest in that money. Nope, not them. You can just stop askin'.
In other PPIP news, the Treasury announced that it has received over 100 applications from potential Pee-Pipers.
Monday links: taking time to adjust
1 hour ago
No comments:
Post a Comment