You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Report: Obama Mulls Bonds for Toxic Securities

HeadlineApr 09, 2009

And in bailout news, the New York Times is reporting the Obama administration is considering a plan that would encourage Americans to directly invest in the troubled assets of taxpayer-rescued corporations. The proposal would essential create the equivalent of bonds to buy up the toxic securities such as bundled subprime loans. The plan is being promoted by financial industry lobbyists, including the money management giant BlackRock.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top