Deutsche Bank Securities Inc.
- Toby Cobb
- Tom Joyce
- Strictly Private and Confidential
- January 26, 2009
Approximately $3.3 trillion of the $10.7 trillion in U.S. Government programs have already been utilized.Most of these initiatives have been part of an effort to deploy unorthodox policy tools to keep credit flowing in the economy. However, the fundamental issue of “toxic bank assets” remains largely unaddressed by most of the U.S. Government programs to date.