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U.S. Lays Out Plan to Buy Up to $1 Trillion in Risky Assets

Mar. 23, 2009
The Obama administration formally presented its plan to draw private investors into partnership with a new federal entity to buy up $1 trillion in troubled assets.
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Fed gov't to scoop up toxic assets

WASHINGTON, March 22 (UPI) -- The federal government is about to take up to $1 trillion in bad loans and other toxic assets off the hands of U.S. banks, The Washington Post reported Sunday.
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Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee
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Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler