The Federal Deposit Insurance Corporation’s June 3 announcement of the postponement of the Legacy Loans program, which was a key component of the Treasury Department’s Public Private Investment Program (PPIP), is not expected to slow the Obama administration’s effort to stimulate credit markets through the use of FDIC-guaranteed debt and government equity.
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USA
June 10 2009
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Jan H Snÿman
Chief Legal Adviser: Labour & Employment Law
Sasol Group of Companies
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