US Unveils Plan For Toxic Bank Assets
240 views · Published 24 March 2009 · 2:09 · Indexed 20 September 2026
Channel: Voice of America · 2009 · News & Politics
Wall Street and financial markets around the world rose sharply Monday after the Obama administration unveiled details of a plan aimed at removing billions of dollars in bad debt from the balance sheets of the nation's banks. The Treasury Department says it will offer low interest loans to private investors so they will buy billions of dollars in toxic assets and get U.S. banks lending again.
