Wall Street's Word on TALF

TALF, the latest government-sponsored financial relief program, aims to free up the ABS market. Here's a roundup of reactions from Wall Street

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.

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