Public-Private Investment Program (PPIP)

July 17, 2009
The Treasury Department, the Federal Reserve, and the FDIC provided additional information on July 8, 2009 regarding the government’s recent progress toward implementation of the PPIP (the “July 8 announcement”). This Dechert OnPoint discusses (i) the updates to the Legacy Securities Public-Private Investment Program and the Legacy Loans Public-Private Investment Program contained in the July 8 announcement, (ii) the proposed Conflict of Interest Rules and Ethical Guidelines, and (iii) the proposed terms and conditions of the to-be-formed public-private investment funds.