The Washington Independent

Posts Tagged Public Private Investment Partnerships

Government Taps Bailout Contractors With Conflicts of Interest

By | 05.29.09 | 6:00 am

As the Wall Street bailout nears its first anniversary, the controversy over giving public money to private banks has become public knowledge. But an equally risky aspect of the financial rescue has flown largely under the radar: the government’s reliance on private contractors – many with potentially significant conflicts of More…

It Seemed Like a Good Idea at the Time

By | 05.28.09 | 12:51 pm

It’s not easy to recall, but the cornerstone of the administration’s policy to stabilize the banking system is the so-called PPIP — the Public-Private Investment Partnerships designed to help get troubled assets off the balance sheets of the nation’s banks. The idea was to use up to $100 billion in More…