Obama Toxic Asset Plan Still Needs The I's Dotted

Law360, New York (March 23, 2009, 12:00 AM EDT) -- After a false start in February, the Obama administration has brought its plan to get toxic assets off of bank balance sheets through public-private partnerships to investors, who cheered the plan's scope and detail at a huge stock market rally on Monday.

While investors may have been impressed with the Public Private Investment Program's level of detail, attorneys with experience in securities and financial transactions said that the plan left a great deal to be settled. And settling those details will largely involve complex negotiations conducted...
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