there was some talk of selling toxic stuff from TARP participants to private investors. IIRC Blackrock and/or PIMCO were even supposed to construe ETFs that pre

there was some talk of selling toxic stuff from TARP participants to private investors. IIRC Blackrock and/or PIMCO were even supposed to construe ETFs that pretty much anyone in the world could buy. Unfortunately banks realized pretty soon that they themselves can make a lot of money by cherry picking and selling those assets, so financial lobby killed this effort quickly. That's my understanding anyway.