Fed Preparing To Buy Toxic Assets - Finance Private Investors

The rumors appear to be turning to fact. After months of indicating that the Fed would buy toxic assets (remember TARP?). It appears that the Fed is going to move forward with their plan to begin buying bad loans in order to allow banks to begin lending again. According to the attached article it appears that they will begin by buying Notes (the article seems to infer that it will be Non-Performing Notes), but I'm assuming that they will also buy REO's as well. Of greater interest is the possibility the Fed is looking to work with private investors to help finance the acquisition of these toxic assets. I will continue to follow this development and keep everyone updated as new information becomes available.