TREASURY GEARS UP FOR TOXIC ASSET CLEANUP

The Treasury Department will unveil the next step in its efforts to contain Assets of Evil, announcing that it intends to create a government body, called the Public Investment Corp. ("PIC"), to finance the purchase of as much as $1 trillion in soured loans and toxic assets from ailing banks, according to sources. PIC will be the modern day superfund to remedy the mother of all financial Love Canals.