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Market Participants Say TALF Updates Provide Comfort March 12, 2009

-- Olivia Thetgyi

Changes the Federal Reserve Bank of New York made yesterday to the terms of the Term Asset-Backed Securities Facility were largely positive, according to market participants. They helped allay concerns expressed by potential investors, said Chris Killian, associate director at the American Securitization Forum.

One positive change was the wording was revised to include “new and powerful language” to say that if an eligible borrower posted eligible ...

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