Treasury Releases Details of Toxic Asset Plan

" As expected, the U.S. Treasury released details Monday morning before market open of the latest approach to clear toxic loans and securities off of bank’s balance sheets. Saying that “the financial system is still working against economic recovery,” the Treasury said it will earmark up to $100 billion in funds from the Troubled Asset Relief Program, hoping to attract capital from private investors in order to generate $500 billion in purchasing power to buy legacy assets."