The Fed creates the Term Asset-Backed Securities Loan Facility (TALF): "A facility that will...

|By:, SA News Editor

The Fed creates the Term Asset-Backed Securities Loan Facility (TALF): "A facility that will help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities collateralized by student loans, auto loans, credit card loans, etc." (PR)