TALF’S Red Tape

Is a government-subsidized buyout of asset-backed securities too good to be true?

100x102insidethetrade-may.jpg

The U.S. government’s Term Asset-Backed Securities Loan Facility program got off to an auspicious start in March only to fizzle in April. The $200 billion program aims to revive the weak market for securities backed by consumer and small-business loans by lending investors most of the money needed to buy these troubled assets.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related