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Email Earlier this week, the U.S. Department of the Treasury (“Treasury”) released details on one of the key elements of the Obama Administration’s Financial Stability Plan: the Public-Private Investment Program. Building on a concept originally announced together with several other initiatives as part of the government’s “full arsenal” approach to dealing with the financial crisis, the Public-Private Investment Program is designed to provide a means for banks and other financial institutions to cleanse their balance sheets of “legacy” assets and resume lending activity to bring much needed leverage to the credit-starved economy. https://www.cadwalader.com/resources/clients-friends-memos/the-public-private-investment-program-treasurys-plan-to-cleanse-legacy-assets-from-banks-balance-sheets