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July 7, 2009 6:45 PM

What happened to those bad bank assets? So far, nothing

The so-called toxic assets that are at the core of the finacial crisis are still sitting on bank balance sheets — worth less now than they were last autumn. Until something is done about them, the economy will continue to struggle. Yet Treasury Secretary Timothy Geithner's Public-Private Investment Program to purchase those assets still isn't operating.

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