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Bair pitches hedge funds and pensions on US bank plan

Reuters – Sheila Bair, chairman of the Federal Deposit Insurance Corp, is in New York on Friday to meet with hedge funds, private equity funds and pension groups to promote the government’s plan to cleanse banks’ balance sheets of toxic assets, a source familiar with the meeting said on Friday.

Bair has said she would like all types of investors to participate in the Public-Private Investment Partnership PPIP.L, including private equity groups and individual investors.

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