First it was the TARP, now here's the TALF

by **RSFB** » Tue 03 Mar 2009, 13:00:39

The Federal Reserve on Tuesday rolled out a much-awaited program aimed at boosting the availability of credit to consumers and small businesses.

The Fed will lend up to $200 billion to spur consumer lending -- for autos, education, credit cards and other consumer debt. The money will be used to provide financing to investors to buy up the debt.

The bold program, dubbed the Term Asset-Backed Securities Loan Facility, was first announced late last year and originally scheduled to start in February.

First it was the TARP, now here's the TALF

First it was the TARP, now here's the TALF

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