The government's efforts to tame the credit crisis faces one of its biggest tests yet as the Federal Reserve finally launches a $1 trillion program aimed at reviving lending for both consumers and business.Last November, the Fed announced the creation of the Term Asset-Backed Securities Loan Facility, or TALF. Under the plan, the Fed will effectively serve as a matchmaker, partnering buyers and sellers of newly issued, top-rated securities backed by a variety of loans including student, small business, auto and credit card loans.
The TALF program was originally supposed to start in February, but an expansion of the program and several adjustments to it have pushed back its launch until now.
My thoughts: Can you say double digit inflation? I knew you could.
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