US Treasury to hire up to 10 “Private Public Investment Program” Managers (That’s defacto the definition of economic fascism) to buy up $1 trillion in “toxic assets” (aka privately owned) on behalf of the Federal Governemnt. Blackrock, Pimco, and Bank of New York/Mellon are among the leading candidates. Prepare to worship your new overlords. I can’t imagine the Carlysle Group not being involved – the story doesn’t mention them.
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