Fed Launches TALF Program, Treasury Still Working on Troubled Asset Purchase Program
March 6, 2009
The Federal Reserve this week announced final details for the Term ABS Loan Facility, a widely anticipated program that is expected to help goose the ABS market. In the early stages of TALF, the Federal Reserve Bank of New York will lend up to $200 billion to investors who purchase newly originated AAA-rated securities backed by student loans, credit card...