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Treasury Secretary To Announce Private-Sector Partnership to Buy Troubled Assets

WSJ: “Treasury Secretary Timothy Geithner is expected to announce that the government will become a partner with the private sector to purchase banks’ troubled assets, according to people familiar with the matter. The plan for a so-called aggregator bank, a variation on a theme that Obama administration officials have wrestled with for weeks, is among four main components of Mr. Geithner’s bailout revamp, which he is expected to announce Tuesday.”

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