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News Link • Economy - Economics USA

Treasury Kicks Off Toxic-Asset Program

• Washington Post

The Treasury Department's long-delayed initiative to purchase toxic assets from financial firms launched Wednesday, nearly a year after Congress authorized the government to tackle what once was billed as the most critical problem facing the banking system.

With the financial crisis abating, the government's first foray into buying troubled assets totaled around $4.5 billion, a quarter of which came from private investors.


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