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March 23, 2009
Application to Be in the Treasury's Bank Plan
Curious about how to be a private investor in Timmy's bank plan? Well, let's just say you are.
Here's the application. The requirements are:
Fund Managers will be pre-qualified based upon criteria that are anticipated to include:
• Demonstrated capacity to raise at least $500 million of private capital.
• Demonstrated experience investing in Eligible Assets, including through performance
track records.
• A minimum of $10 billion (market value) of Eligible Assets currently under management.
• Demonstrated operational capacity to manage the Funds in a manner consistent with
Treasury’s stated Investment Objective while also protecting taxpayers.
• Headquarters in the United States.
All Applications must be submitted no later than 5:00 p.m. ET on April 10, 2009.
Posted by edelfenbein at March 23, 2009 8:43 AM
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