US to start purchases of 'toxic assets'.......

US authorities will launch a much-delayed program to buy up "toxic assets" in the banking system by early October, a Treasury official said. "The dollars will start to be invested later this month (or) early next month," said an official who asked not to be identified. The program, one of the elements of a plan to stabilize a shaky financial system, will be smaller than originally anticipated due to the improved health of financial institutions in recent months...Link