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Archive Home > 2009 > July > 09 > Feds unveil a ‘modest’ plan to help banks with toxic assets

Feds unveil a ‘modest’ plan to help banks with toxic assets

By Graham Bowley and Michael J. de la Merced / The Bulletin
July 9, 2009

For nearly a year, the question has vexed Washington and Wall Street: What do we do with all these impaired mortgage investments?

The answer still, it seems, is wait and hope.

After months of back-and-forth with the banking industry, the Obama administration on Wednesday unveiled a scaled-down....

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