4/8/2008

The Federal Reserve should accept triple-A-rated securities backed by student loans as collateral for firms seeking to borrow from new Fed facilities aimed at thawing frozen credit markets, according to SIFMA and the American Securitization Forum, an affiliate of SIFMA. "There is a big concern among a lot of originators that there will not be enough capital available for all eligible students to receive government-subsidized loans," said Tom Deutsch, deputy executive director of ASF. Read the full letter SIFMA and ASF submitted to the Federal Reserve Board and the Federal Reserve Bank of New York.

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