NEW YORK: The U.S. government is planning to sell billions of dollars of assets ranging from bank shares to troubled mortgage securities that were bought at the height of the financial crisis four years ago, the Wall Street Journal reported on Friday, citing investors and government officials.
The government in 2008 invested hundreds of billions of dollars to help stabilize the economy, moves that were praised by some and criticized by others as bailing out Wall Street at the expense of taxpayers, the article said. Some of the investments have appreciated in value while others have languished, it added.
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