On March 23, 2009, Treasury Secretary Timothy Geithner unveiled the Public-Private Investment Program, a program intended to invest $75 to $100 billion of funds from the Troubled Assets Relief Program in toxic real estate loans currently held on bank balance sheets and securities that are backed by real estate loan portfolios. Certain details of this program are now beginning to emerge.

Click here to view memo, Cleaning Up the Toxic Mess – The Treasury’s Emerging Plan to Promote Private Investment in Legacy Loans