U.S. Banks Have $168 Billion Reason to Avoid PPIP

U.S. banks have a $168 billion reason to shun a government program designed to strip toxic loans from their books.

That’s how much lenders could lose if the banks sell loans into the Public-Private Investment Partnership at market prices instead of their balance-sheet valuation, based on estimates in regulatory filings. It would erase the $75 billion that banks were told to raise by the Federal Reserve to withstand a deeper recession.