Tuesday, March 3, 2009

Fed Launching Its Prime Broker Program (Aka TALF) on March 25

Prepare for some extra taxpayer backstopped leverage... 10 to 1 leverage to be exact... Somehow the TALF is supposed to become the securitization vehicle (as securitizations as a product have become extinct) of the government backstopping investments in everything from student loans to CMBS... Of course, seeing what the market reaction has been on every incremental governmental chef being appointed to the indigestible feast that is U.S. economy, this should firmly drop us to closer to a 5 handle soon. Sphere: Related Content
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aka Christopher C. Birt said...

I have an auto blog. I read the comments about using Auto Loans to back this. What does it mean? Seems a goldmine to get rich off the govt.