{"id":11849,"date":"2009-03-22T22:29:52","date_gmt":"2009-03-22T22:29:52","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ap_treasurys_toxic_asset_plan_could_cost_1_trillion\/"},"modified":"2009-03-22T22:29:52","modified_gmt":"2009-03-22T22:29:52","slug":"ap_treasurys_toxic_asset_plan_could_cost_1_trillion","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11849","title":{"rendered":"AP: Treasury&#39;s toxic asset plan could cost $1 trillion"},"content":{"rendered":"<p>The Obama administration&#8217;s latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity, the Public Investment Corp. to help purchase as much as $1 trillion in toxic assets on banks&#8217; books.<\/p>\n<p>The plan that Treasury Secretary Timothy Geithner intends to announce Monday aims to use the resources of the $700 billion bank bailout fund, the Federal Reserve and the Federal Deposit Insurance Corp.<\/p>\n<p><a href=\"http:\/\/www.google.com\/hostednews\/ap\/article\/ALeqM5iZKNwRyOoCx_vnwxKUC0bfIxE1EAD973770O0\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Obama administration&#8217;s latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity, the Public Investment Corp. to help purchase as much as $1 trillion in toxic assets on<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11849\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,671,616,151,667,583,585,669,584,668],"tags":[],"class_list":["post-11849","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-federal-reserve","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-the-2009-obama-administration-bank-bailout-plan","category-the-banking-systemsector","category-the-national-deficit","category-the-u-s-government","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11849"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11849\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}