Norristown Times Herald – The Treasury Department is making it easier for hedge funds and other private investors to participate in its plan for buying up banks’ bad assets, an acknowledgment that the interest level so far has been lackluster.
Analysts said the move shows the program hasn’t yet attracted enough large fund managers who may be wary of ending up on the wrong side of a congressional probe or public backlash. The program’s requirements also excluded too many smaller managers, they said.
