Lobbying by ELFA got equipment makers included in TALF

06/16/2009 | Wall Street Journal, The

When the Federal Deposit Insurance Corp. declined to cover equipment manufacturers in an insurance program aimed at banks, ELFA lobbied the Federal Reserve to expand the Term Asset-Backed Securities Loan Facility to cover farm and other equipment manufacturers. Deere, Caterpillar and other equipment makers benefited when the program was expanded as a result of efforts by ELFA President Kenneth Bentsen.

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Wall Street Journal, The