So it Begins: Invesco and Billionaire Wilbur Ross Commit to Buying $1 Billion in Toxic Assets

According to our colleagues at Reuters, money manager Invesco and billionaire investor Wilbur Ross have just committed $1 billion to buy some of the so-called toxic bank loans and securities that are part of the government’s new Public-Private Investment Program.

In an interview earlier today, Ross and Invesco’s CEO Martin Flanagan said of their decision: “At this stage, you don’t know where the most attractive opportunities will be. We just know they’re going to be big.

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