US to buy up $1tn in toxic assets

[Newshound]

US Treasury unveils details of a plan worth up to $1 trillion to encourage private investors to buy up toxic assets.

More... (http://news.bbc.co.uk/go/rss/-/1/hi/business/7958501.stm)

[alyscat]

And we'll pay for it as a nation - pay for the idiocy of the people who agreed to them in the first place.

I can't imagine private investors in their right mind buying this kind of stuff, unless they just need a tax write-off (which we'd end up paying for too, only at a bit more removed).

alys