Wall Street's Word on TALF
Add another acronym to the U.S. government's alphabet soup of financial relief programs: TALF. Under the Term Asset-Backed Securities Loan Facility, announced Nov. 25, the Federal Reserve will extend up to $200 billion in nonrecourse loans to holders of asset-backed securities (ABS) backed by consumer and small business loans in a bid to free up the ABS market. The Treasury Dept. said it will extend $20 billion in funds under the Troubled Asset Relief Program (TARP) to support the initiative.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.