Treasury Considers Role for Private Investors in Economic Stabilization Plan and Provides Guidance on Selection of Asset Managers and Financial Agents
10 Oct 2008
Malcolm K. Montgomery,
Constance A. Fratianni,
Bradley K. Sabel
The new Emergency Economic Stabilization Act left unanswered a number of significant questions, including (i) what opportunities private sector investors will have to invest in troubled assets through the new Troubled Assets Relief Program, (ii) how asset managers will be selected and the eligibility criteria that will apply to them, and (iii) how conflicts of interest faced by asset managers and other contractors will be resolved. The answers to these questions are now starting to become clear.
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