Commentary: TALF's success depends on the details:

11/26/2008 | Wall Street Journal, The

The Federal Reserve's term asset-backed securities loan facility announced Tuesday is a government effort to reward risk taking in hopes of unlocking credit markets, Thorold Barker writes in The Wall Street Journal's "Heard On The Street" column. "While the details still have to be ironed out, TALF could work, particularly if investors persuade the Fed to lengthen the term of the facility beyond a year," Barker said, while noting there are some potential problems.

View Full Article in:

Wall Street Journal, The

Published in Brief: