Legacy Replaces Toxic In Treasury Jargon

Legacy Replaces Toxic In Treasury Jargon : NPR

by Mara Liasson

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Morning Edition, July 10, 2009 · The Treasury Department has rolled out details of the Legacy Securities Program. It's a federal plan to dispose of toxic financial assets. The government is trying to get away from the word toxic. After all, who would want to buy toxic assets? Legacy assets sound more investor-friendly.