Status of leveraged sub-prime buyout plan?

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Nov 5, 2009 1:16 pm

Can anyone tell me what the status of this plan is? It was revealed around 4-5 months ago (I’m guessing). It was the plan in which the government would match private funds to allow for leveraging, when the private funds were buying out the subprime assets. This was the key component that many, as well as apparently the stock market, where waiting for.

As far as I can tell, though, the banks have not really eliminated this paper, and the plan has not taken hold. There was even discussion about PIMCO establishing a mutual fund that owned these securities.

Can anyone shed light on this?

Nov 5, 2009 2:39 pm

markets stabilized.

mark-to-market went bye bye

they bagged it.

i think wilber ross or flowers might have bought some. maybe not.

Bottom line is we went from we need it

to save the entire mf free world in nov 2008 to

no one gives a f

Nov 7, 2009 7:08 am


  It is alive and well.  Look up PPIP.  Many offerings have rolled out, others currently taking place.  Much of it is exclusive, so depending on your outfit, you may not have seen it.  Nothing super retail yet, though I believe BlackRock is coming out with something at the fund level.  Most of what I've seen is $1mil minimum investment.