Details of toxic asset plan

--Public-Private Investment Program: The umbrella organization that will support the effort to entice private investors to join with the government to purchase troubled assets.

--Federal Deposit Insurance Corp.: The agency that insures deposits at the nation's banks would operate auctions of troubled mortgage loans and then provide financing to the winning bidders. The FDIC would also share the risks if the mortgages fell further in value.

--Term Asset-Backed Securities Loan Facility: A Federal Reserve-operated loan facility will receive $200 billion from the government's $700 billion bailout program. That money will enable the Fed to support as much as $1 trillion in loans to investors who want to buy securities backed by various types of consumer loans in an effort to make auto loans, credit card debt and student loans more available. The TALF will be expanded to allow the Fed to provide loans to investors buying securities backed by residential and commercial mortgages.

--Public-Private Investment Funds: The Treasury would launch these partnerships between the government and the private sector, with the government matching dollar-for-dollar money put up by private investors to buy toxic assets.