as being reported by Bloomberg Fed says TALF program will begin on March 25 Talf aims to catalyze securitization mkts ABS backed by various equipment leases
Sorry, they spoke so fast I couldn't get it all. I will post more as it becomes clearer.
And this is going to help the economy how??? Aside from generating fees for those who generate/rate/manage these securities. Seems to me any "extra" money banks get from this will still be used to shore up the toxic crap on their books.
And this is going to help the economy how??? Aside from generating fees for those who generate/rate/manage these securities. Seems to me any "extra" money banks get from this will still be used to shore up the toxic crap on their books.
ReplyDeleteand miles and miles of crap
ReplyDelete