Re: TALF
Wall Street Journal:
The Verdict on the Term Asset-Backed Securities Loan Facility: It Worked
It took a year, but the Term Asset-Backed Securities Loan Facility, an innovative program designed to stabilize the market for consumer loan-backed securities, has done what it was supposed to: rekindle demand and get credit flowing again.
And the part of the program that supported securities backed by consumer loans, which effectively ended Thursday, will have turned a profit in the process, Federal Reserve Bank of New York President William Dudley said.
Since it was introduced last March, the program, known as TALF, has facilitated the sale of more than $100 billion in bonds backed by auto, student and equipment ...
The Verdict on the Term Asset-Backed Securities Loan Facility: It Worked
It took a year, but the Term Asset-Backed Securities Loan Facility, an innovative program designed to stabilize the market for consumer loan-backed securities, has done what it was supposed to: rekindle demand and get credit flowing again.
And the part of the program that supported securities backed by consumer loans, which effectively ended Thursday, will have turned a profit in the process, Federal Reserve Bank of New York President William Dudley said.
Since it was introduced last March, the program, known as TALF, has facilitated the sale of more than $100 billion in bonds backed by auto, student and equipment ...