The Credit Crisis Recovery Might Be in Trouble if TALF Program Expires
… If those companies end up with no access to credit they will be forced to make some tough financial decisions.
The $49.7 billion in ABS issuance in the second quarter of 2009 is significantly more than the $13 billion in the first quarter. This difference is mainly comprised of TALF sales. Many experts agree that there just aren’t enough investors that want to buy ABS without TALF being around. TALF offers the investors leverage that otherwise wouldn’t be there.
What …
Comment by Jacob Decker: … the credit crisis fog to lift until at least 2011. …
Category: Credit Card Negotiation , Credit Crisis , Economy
Tags: Asset-backed security Federal Reserve System Financial services TALF Term Asset-Backed Securities Loan Facility
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