Fed's TALF plays key role in reviving securitization

09/3/2009 | Wall Street Journal, The

The Federal Reserve launched its Term Asset-Backed Securities Loan Facility in March and has since helped revive the market for securities backed by consumer loans. Issuance of bonds backed by auto, credit card and other consumer loans has reached nearly $100 billion since March. About $77 billion of those bonds were eligible for TALF.

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Wall Street Journal, The

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