The US Government’s Legacy Loans Program may soon be put on hold.  The program that is part of the $1 Trillion Public-Private Investment Program was designed to encourage banks to sell off loans and securities that were caustic to their balance sheets.  However, there has been both a lack of demand and supply in the marketplace.  Willing investors have turned un-willing over concerns that the government will later decide to change the terms of the agreement and impose salary caps or other onerous provisions.  On the supply side, many of the banks have already written down the assets and believe they can weather the economic storm without the program.  All talk, no action seems to be a recurring theme in the Geithner era.