As part of an ongoing effort to refine the guidelines and enhance the effectiveness of the Financial Stability Plan programs, the Treasury Department today released additional guidance for potential investors in the securities portion of the Public Private Investment Program (PPIP). The new guidance extends the deadline for application to the program and clarifies that participation criteria will be viewed holistically — failure to meet any one criterion will not necessarily disqualify a proposal. Additionally, the guidance highlights Treasury’s interest in program participation by small, minority and women-owned businesses; the potential for further expansion of participants and asset classes; and the interaction of the Federal Reserve’s Term Asset-Backed Securities Lending Facility (TALF) with this program.
Deadline Extension
To better accommodate increased participation, the deadline for email submission of applications has been extended to 5 p.m. ET on Friday, April 24, 2009. Treasury now expects to inform applicants regarding preliminary qualification on or prior to Friday, May 15, 2009. The Treasury Department requests that all applications be submitted via email only.
Treasury Department Provides Updated Guidance on Legacy Securities Public-Private Investment Program [Treasury]
oh gimme a f*cking break
i’m lookin for small minority women, as well.
what if they built it and no one came? methinks interest is below expectations, that will teach the gov’t to bow to the populist rage…
thank you @2 or should I call you Jack Bauer? Thank you for saving us from BlueGoldFan’s terrorist attack on the DB comment section
Geithner/Obama will be seriously embarrassed when nobody signs up for this circus.
@ 4, totally don’t understand… what do you mean?
The Maxine Waters contribution. What a mess.
“participation by small, minority and women-owned businesses”
Bess – when the hell is someone going to teach these people the proper use of “holistic” – it refers to holy, not to the whole – OMG, WTF – don’t they get basic training in language at HBS or whatver place these people come from? (I’m talking about TImmy also – he’s one of the biggest miscreants.)
@8- geithner didn’t go to hbs, he went to Dartmouth and Johns Hopkins.
@8
I see your point (kind-of), but challenge your alternative.
@8 Perhaps you should read a dictionary before you comment. Holistic does not refer only to medicine!!
@9, @10. @11 – it still sounds like all those hippies I knew back in the day – can’t they use something clear like “overall”?
and I didn’t mean Timmy went to HBS, as I doubt he wrote the press release – whoever did is probably named “Sunshine” or “Morning Glory”
Also- as they say
“Further resistance to [the use of] holism has come from the association of the concept with quantum mysticism.”
OTOH, maybe this guy is the right one to help Timmy
http://www.holistic.com/