The U.S. government’s Term Asset-Backed Securities Loan Facility program got off to an auspicious start in March only to fizzle in April. The $200 billion program aims to revive the weak market for securities backed by consumer and small-business loans by lending investors most of the money needed to buy these troubled assets.
TALF’S Red Tape
Is a government-subsidized buyout of asset-backed securities too good to be true?
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