TALF rekindles ABS demand, flow of credit

03/5/2010 | Wall Street Journal, The

The Term Asset-Backed Securities Loan Facility has facilitated sales of more than $100 billion in asset-backed bonds during the past year, helping to spur demand and revive the flow of credit. "Consumer ABS TALF has achieved its goals of restarting the market, allowing for larger deals, bringing in spreads and reviving the secondary market," said Michael Wade, head of asset-securitization origination for the Americas at Barclays Capital. William Dudley, president of the Federal Reserve Bank of New York, said the part of TALF that supported securities backed by consumer loans managed to turn a profit.

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