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Email On March 23rd, The U.S. Department of the Treasury (“Treasury”) and the Federal Deposit Insurance Corporation (“FDIC”) jointly announced a new program under the Troubled Assets Relief Program (“TARP”) called the Public-Private Investment Program (“PPIP”). The program is divided into two components, one for “Legacy Loans” and another for “Legacy Securities”. https://www.cadwalader.com/resources/clients-friends-memos/the-public-private-investment-program-for-legacy-loans-unanswered-questions-for-loan-sellers-and-investors-and-request-for-comments-by-the-fdic