World Bank launches distressed assets programme - Risk.net: "World Bank launches distressed assets programme"
This program looks more like the Treasury PPIP/TARP and has copied the features of those, notably the "Public/Private" partnership dimension. Their is no discussion of the Equity/Debt distribution or source of the funds.
It is regrettable no one has thought about being a market maker on the distressed assets traded at refined levels of granularity as we proposed.
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