Wall Street reacts to creation of TALF

11/26/2008 | Bloomberg Businessweek · Wall Street Journal, The

The Federal Reserve announced the Term Asset-Backed Securities Loan Facility on Tuesday, which aims to extend up to $200 billion in nonrecourse loans to holders of asset-backed securities backed by consumer and small-business loans. Funding includes $20 billion from the Treasury Department's Troubled Asset Relief Program. While the move eased pressure in the credit markets, BusinessWeek compiled reaction from leading Wall Street executives and economists.

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Bloomberg Businessweek · Wall Street Journal, The

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