Investment Public

Partnership proper public-privadO Timothy Geithner said in press conference that the private investors have that to be made use ' ' to assume some riscos' ' if to want that the measure functions. The objective is to obtain to remove of the bank reports about US$ 500 billion in asset ' ' podres' ' , but the program can be extended until US$ 1 trillion in case that it functions. Of beginning, the Government of U.S.A. will use in this ' ' Program of Investment Public; ' between US$ 75 and US$ 100 billion originating the plan of financial rescue that Administration of American former-president George W. Bush launched in passed October, endowed with US$ 750 billion. Idea requentadCuriosamente, the initial idea of the plan of previous rescue age exactly to acquire the assets ' ' podres' ' , but the Government Bush decided to destine the first half of the deep ones for the set of shareholders of the banks. However, this measure did not only serve to restore the flow of the credit, as well as gave to the financial entities new money to remunerate its shareholders and its high executives, what it enraged the American public opinion and it frustrou the legislators. Now, the Obama Government put all its hopes in the purchase of the assets ' ' podres' ' of the bank reports, initiative that counts on certain complexity and many risks.

Risks and incertezasUma of the main difficulties are as to evaluate these assets. If the Government puts a low price, the banks will not vendero them; if to be valued, the public opinion will make opposition to the plan. One of the main uncertainties in relation to the plan she is on to the capacity of the Government of U.S.A. to attract the private investors, as investment fund, pension fund and insurance company, to participate of the purchase of the assets ' ' podres' '. The hero in apurosNo is alone the American financial system that depends on the triumph or the failure of the plan, but also the future of the proper Geithner, that already suffered hard critical for having So far participated of the elaboration of the plan of rescue of Bush., some republican senators had asked for its resignation. In the last sunday (day 15 of March), one of them, Richard C.

Shelby, member of the banking committee of the American Senate, foresaw that, ' ' if the things to continue in this route, (Geithner) do not go to very last in its posto' '. Barack Obama left in defense of its economic team and guaranteed to have ' ' complete confiana' ' in the secretary of the Treasure americano.' ' Nobody works with as much intelligence, disciplines so hardly and as ele' ' , the president of U.S.A. said last week. Now he is to have faith, to hold in hands of Obama and Geithner and to pray. Bibliography: The State of So Paulo edition 42,161 of 24 of March of 2009' ' U.S.A. offers to financing for purchase of asset podres' ' published in the site of the periodical the Globe in 23 of March of 2009' ' Geithner: plan to buy asset podres' ' published in site UOL in 23 of March of 2009