Tag:
TALF
Latest Headlines
Latest Headlines
Fed's TALF: Welfare for rich people
Back when markets were close to seizing up, many thought it was imperative that the Federal Reserve do something-- anything . To prevent a market meltdown, which would have had deleterious consequences, the Fed put together a wide array of programs, about which it has just disclosed information
TALF a massive bet for the Fed?
After a tepid start, it looks like the TALF, the Fed's term asset-backed securities lending facility, is gaining traction. Fortune offers an article that makes it clear that lots of investors are being swayed by the more than favorable terms that the Fed is offering. One trader tells the magaz
Ross to tap PPIP, why not others?
Here's a tangible sign that businesses remain wary of government when it comes to financial reform. The government's PPIP offers, on the surface, some very sweet terms for asset management companies to speculate on distressed assets. Some are bent on jumping in. But not enough as of now.
WL Ro
Goldman Sachs a welfare queen?
Speaking of Goldman Sachs, this is what a Slate columnist concludes: "The former undisputed heavyweight champion of the financial services sector has become one of New York 's biggest welfare queens." Frankly, there are likely other banks that are even bigger queens--Citigroup and Bank of Amer
Government to tackle thorny valuation issue
In the bailout mania that has engulfed the industry, one of the thorniest questions has been how the government--or anyone else--can accurately value toxic securities. Many thought the reason Paulson's Treasury gave up on its original idea to buy securities directly was because of valuation challe
Hedge funds can now borrow from Fed
The government is committed to keeping the wheels of consumer credit greased. To that end, it has launched a $200 billion effort to support the market for consumer receivables. The Fed announced it will "offer low-cost three-year funding to any U.S. company investing in securitized consumer loans
