TALF shows signs of life after sluggish start

05/6/2009 | CNBC

Investors have made their strongest showing yet in the Federal Reserve's Term Asset-Backed Securities Loan Facility by requesting almost $14 billion in loans through the program so far this month. "The program is accomplishing its goal, which is to allow issuers to access the market at relatively attractive levels, which at the end of the day increases credit availability," said James Grady, portfolio manager at Deutsche Asset Management.

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