http://news.yahoo.com/s/ap/20090323/ap_on_go_ca_st_pe/bank_rescue]Feds unveil plan to sop up bad bank assets (AP)[/URL]



AP - The Obama administration, striving to ease lending in the struggling economy, moved Monday with private investors to sop up bad bank assets. The administration said the program could grow to $1 trillion in purchases eventually, if it proves successful in attacking the bad-books problem that has been at the heart of the banking crisis.