Bankruptcy

A PPIP of a Plan or Just a Big Light Show? 

A tremendous amount of blather and megabytes were expended on the newly-minted public-private investment plan (PPIP) over the last week (see details of the plan here), but none of it grasped that banks can’t really sell a lot of “legacy” assets to public-private partnerships. And if they can’t, the plan won’t do much to “unclog bank balance sheets.”