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  PPIP Returns "Treasury Gets 36% Return Buying Toxic Mortgages From Banks in First Year" is the headline over a Bloomberg News dispatch that begins, "A U.S. government program aimed at reviving the mortgage-backed securities market returned more than triple what stocks or bonds gained in the past year. The eight funds created under the Public-Private Investment Program, or PPIP, reported net internal rates of return averaging 36 percent through Sept. 30, the Treasury Department said in a report this week. That compares with the 10 percent return for the Standard & Poor's 500 Index and 8.2 percent for the BarCap U.S. Aggregate Total Return Index of bonds." PPIP Returns "Treasury Gets 36% Return Buying Toxic Mortgages From Banks in First Year" is the headline over a Bloomberg News dispatch that begins, "A U.S. government program aimed at reviving the mortgage-backed securities market returned more than triple what stocks or bonds gained in the past year. The eight funds created under the Public-Private Investment Program, or PPIP, reported net internal rates of return averaging 36 percent through Sept. 30, the Treasury Department said in a report this week. That compares with the 10 percent return for the Standard & Poor's 500 Index and 8.2 percent for the BarCap U.S. Aggregate Total Return Index of bonds."
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