PPIP firms revealed

The Treasury has revealed the 9 firms that will take part in buying banks’ toxic assets.  It will be worth $50 billion.

  • BlackRock Inc.
  • Invesco Ltd.
  • AllianceBernstein LP
  • Marathon Asset Management
  • Oaktree Capital Management
  • RLJ Western Asset Management
  • TCW Group Inc.
  • Wellington Management Co.
  • Partnership between Angelo, Gordon & Co. LP and GE Capital Real Estate

PIMCO, which was expected to be one of the firms, was reported to have withdrawn their application.

via WSJ.

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