FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427

Roundtable Supports Treasury’s Plan to Purchase Toxic Assets

Washington, D.C.—March 23, 2009—The Financial Services Roundtable supports the Treasury’s Public Private Partnership Investment Plan to prevent toxic loans and securities from delaying restoration of the economy.  The new plan will provide for a private sector price discovery method, flexibility to buyers, and strong financing options that will help ensure the plan's success. Combined with other on-going efforts, the plan will help strengthen the economy. 

“The partnership between public and private institutions is a great way to help restore liquidity in the market,” said Steve Bartlett, President and CEO of the Roundtable.  "It is encouraging to see Treasury creating unique ways of stimulating the economy while protecting the taxpayer.

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer.  Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $85 trillion in managed assets, $960 billion in revenue, and 2.3 million jobs.