TALF Expansion Provides Help On Margin March 19, 2009

-- Olivia Thetgyi

The Federal Reserve’s expansion of assets accepted by the Term Asset-Backed Securities Loan Facility may only be of marginal help to the crisis in securitization. “It will be a net benefit to issuers who couldn’t take advantage of TALF before, but it’s not going to be a magical cure-all,” said Mike Kagawa, portfolio manager at asset manager Payden & Rygel in Los Angeles. “But anything that helps the cause ...

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