Gaytnar plan starts with only $ 20 billion

U.S. financial department can begin its program to buy mortgage securities from banks by about 20 billion dollars, which is less than in March announced 100 billion dollars, said Blumbarg, referring to its sources. Treasury plans to provide approximately 1.1 billion as a capital of eight to 10 Monetary Fund, which will be selected for the Public-Private Investment Program (PPIP). The plan includes about 10 billion in the form of government-guaranteed loans.
The government announced the program, where the losses associated with residential lending banks such as Citigroup tripped and threatened to oppressive lending necessary for economic recovery. Since then, 19 large U.S. banks collected more than 100 billion through the sale of assets, return on preference shares for ordinary and issued debt.
A separate part of the PPIP, operated by the Corporation for deposit insurance (FDIC) and designed to help prodazhbatata bad loans of banks was suspended for neopredelo time last month. Finance Minister Timothy Gaytnar said then that the interest in such programs may fail to improve market confidence.

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Finance