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More Alphabet Soup: Federal Reserve Creates $200 Billion Term Asset-Backed Securities Loan Facility (TALF) by Craig R. Mills
Richard L. Fried
Allan N. Krinsman
Stroock & Stroock & Lavan LLP
New York Office
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December 22, 2008
Previously published on November 26, 2008
Get ready for a new acronym to join the alphabet soup of programs announced recently by the Government to help restore the nation's economy. On Tuesday, November 25, the Federal Reserve Board and the U.S. Department of Treasury announced the creation of the Term Asset-Backed Securities Lending Facility (TALF).
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