WASHINGTON -- Obama administration officials worked Sunday to persuade reluctant private investors to buy as much as $1 trillion in troubled mortgages and related assets from banks, with government help. The talks came a day before the Treasury secretary, Timothy F. Geithner, planned to unveil the details of the administration's long-awaited plan to purchase troubled assets, meant to remove them from the balance sheets of banks and, in turn, spur banks to lend more money to consumers and companies.
Blackrock, Pimco Expected To Buy Bad Assets, Other Investors Remain Reluctant
The Huffington Post News Editors, Huffington Post
Sun, 03/22/2009 - 10:10pm
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