Wednesday, July 08, 2009

Waiting For Super Shitpile

It seems like they announce it every month.
WASHINGTON — In March, Treasury Secretary Timothy Geithner unveiled a Public-Private Investment Program in which the government and private firms would bid together to purchase toxic assets from banks, freeing them to increase lending and help revive the economy. The program's still not operating. "We're committed to getting it done, and expect to have it very, very soon," said Andrew Williams, a Treasury spokesman. "It's complicated and takes time."