FT.com / Companies / Banks - Bailed-out banks eye toxic asset buys

Banks have three options if they want to buy toxic assets: apply to become one of four or five fund managers that will purchase troubled securities; bid for packages of bad loans; or buy into funds set up by others. The government plan does not allow banks to buy their own assets, but there is no ban on the purchase of securities and loans sold by others.

FT.com / Companies / Banks - Bailed-out banks eye toxic asset buys