Volume 2010 - Number 10
March 12, 2010
TALF Sunsets With Strong Final Round, Praised for Jumpstarting ABS Markets
One of the most successful government interventions into the secondary market, the Federal Reserve’s Term ABS Loan Facility, expired this month, but not before having a noticeable effect on the asset-backed markets it was aimed at. The March round of TALF lending saw $4.1 billion in requests, the highest level in the last six months. Despite some initial investor hesitation, more than...
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