Q&A: Dottie Cunningham

Q: Could you explain what the TALF scheme was originally set up to do?

A: In November, the US Treasury Department and Federal Reserve Board announced the creation of the Term Asset-Backed Securities Loan Facility (TALF). This facility initially was created to help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities collateralised by student loans, auto loans, credit card loans and loans guaranteed by the Small Business

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