Investors Uneasy About TALF as NY Fed Prepares To Disperse Small Second Round of Loans
April 10, 2009
The Federal Reserve Bank of New York doled out another disappointing round of funding under the Term ABS Loan Facility as many investors are shying away from a program that was initially predicated to provide a needed boost to the securities market. The NY Fed announced Wednesday that it received only $1.7 billion in requests for the second monthly round of TALF loans, a 64 percent...