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Email This morning the U.S. Treasury Department (“Treasury”) released additional guidance for the legacy securities portion of its Public Private Investment Program (“PPIP”). The PPIP, initially announced on March 23, 2009, is designed to repair balance sheets throughout the U.S. financial system and ensure that credit is available to both large and small businesses and households. https://www.cadwalader.com/resources/clients-friends-memos/treasury-extends-deadline-for-ppip-fund-manager-applications-releases-additional-guidance-on-legacy-securities-portion-of-ppips