Investors appear wary of participating in Fed's TALF

The Federal Reserve's Term Asset-Backed Securities Loan Facility has attracted only two issuers as the deadline nears, suggesting that investors are still concerned about participating in the program. The lack of participation could undermine efforts to shore up banks' balance sheets. Although the Fed's financing terms are attractive, the program presents challenges and issues, including concerns about legislative interference, limits on hiring foreign workers and tedious paperwork.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: