treasury presses with plan for toxic assets, page-7

I DON'T GET IT

can someone please explain it to me.

from what i understand

- They are going to use part of the TALF (Term Asset-Backed Securities Loan Facility) money to buy Toxic Assets from bank balance sheets between 500B and 1T.

- they are only going to use about 100B of TALF money and the rest will come from 'Private' Investors.

-BUT they also say they will match dollar for dollar meaning 'investors' buying these assets will be able to leverage 50% but only for the first 200B and the other 800B must be 'private' equity monies. with investor and government splittling profit/loss.

- Now what investor would think this is a win/win situation? What kind of investors would buy these toxic assests?

This seems like a fanciful idea with the governemnt trying to shift the risk onto the private sector so they get shafted and the government doesn't have to put itself into a deeper deficit.

this is crazy i don't understnad how it will work

http://www.bloomberg.com/apps/news?pid=20601087&sid=aWgTw2mdUjUg&refer=home

p.s they are already starting to question if Geithner is the man for the job