US confirms Talf extension
The US Treasury and Federal Reserve confirmed on August 17 that the Term Asset-Backed Securities Loan Facility (Talf) will be extended from its scheduled finish at the end of this year to June 2010. Some market participants have taken the news as a sign the securitisation market is not yet ready to thrive without government support.
The Talf was launched in March, offering investors inexpensive loans to purchase AAA rated asset-backed securities (ABSs) in the hope of reviving the US
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