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PPIP, though small, psychs the markets
Only $6.2 billion was invested by year-end, but it revived mortgage-backed securities.
April 30, 2010
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By Neil O'Hara  For $21 billion New York hedge fund manager Angelo, Gordon & Co., participating in the Treasury's Public-Private Investment Program, or PPIP, was a commercial necessity, not a matter of choice. The firm, which specializes in distressed investments, began buying bombed-out

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