2012-07-20 — 4-traders.com
The U.S. government is planning to sell billions of dollars of assets ranging from bank shares to troubled mortgage securities that were bought at the height of the financial crisis four years ago, the Wall Street Journal reported on Friday, citing investors and government officials.
In the coming months, the government is expected to sell or be repaid on securities with a face value of roughly $29 billion. The assets are likely to generate more than $10 billion for taxpayers, the Journal said.
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