Page:Emergency Economic Stabilization Act of 2008.djvu/34

 O:kiYOkiYO08C04.xml 1 2 3 4 5 6 7 8 9 lO 11 12 13 14 15 16 17 18 19 34 individuals, and reductions in losses to the Federal Government. (2) AUTHOriTY. In earnTing out paragraph (1), the SeeretaT shall- (A) hold the assets to maturity or for re- sale for and until such time as the SeeretaT determines that the market is optimal for sell- ing such assets, in order to maximize the value for taxpayers; and (B) sell such assets at a price that the See- retaT determines, based on available financial analysis, will maximize return on investment for the Federal Government. (3) PRIVATE SECTOR PARTICIPATION.--The Secretary shall encourage the private sector to par- ticipate in purchases of troubled assets, and to in- vest in financial institutions, consistent with the pro- visions of this section. (b) USE OF MARKET MECHkNSMS. In making pur- 20 chases under this Act, the SecretaT shall- 21 22 23 24 25 (1) make such purchases at the lowest price that the SecretaT determines to be consistent with the purposes of this Act; and (2) maximize the efficiency of the use of tax- payer resources by using market mechanisms, in-

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