The initiative will seek to entice private investors, including big hedge funds, to participate by offering billions of dollars in low-interest loans to finance the purchases and also sharing risks if the assets fall further in value.
The Public Investment Corp. may turn out to be a boondoggle for taxpayers, but its subsidized loans for asset purchases will be a boon to hedge funds and other private investors. I may just take a look at the Corp.'s eligibility requirements to see if I can qualify to buy some distressed assets.
