The US Treasury on Wednesday pushed ahead with scaled back plans for public- private partnerships to buy toxic assets, naming nine fund managers and allocating $30bn of public funds, but without securing any further backing from the Federal Reserve, the FT reported. The Federal Deposit Insurance Corporation, meanwhile, said it remained committed to a pilot scheme under which it would provide debt guarantees for funds purchasing housing bubble-era loans, but initially only from failed banks.

This entry was posted by Stacy-Marie Ishmael on Thursday, July 9th, 2009 at 4:30 and is filed under Capital markets. Tagged with fdic, PPIP, rmBS, TARP, Treasury. Edit this entry.