Treasury Sees 35% Gain in Troubled Mortgages

The Public-Private Investment Program (PPIP) which was created to support “toxic” mortgage-backed securities held by private banks, realized a return of 35 percent in its first year. The Public-Private Investment Program was introduced by Treasury Secretary Timothy Geithner as a means of helping banks weighed down by mortgage securities whose value had collapsed during the credit crisis.

Source: Bloomberg

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