TALF Beckons

The jury is out on whether the Fed’s TALF program will thaw credit markets.


With three offerings down and three to go, the jury is out on whether the Federal Reserve Board’s Term Asset-Backed Securities Loan Facility will thaw credit markets. The program is meant to reopen the securitization markets — and foster the issuance of consumer and business loans — by enticing new underwriters, like hedge funds and private equity firms, to buy asset-backed securities with easy terms and low risk.

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