Michael Pedroni, EVP and Managing Director of International Affairs at MFA, explains the Term Asset Backed Securities Lending Facility (TALF), a Federal Reserve program that supports lending to individuals and small businesses. He describes how TALF creates a ‘triple win’ for American businesses and individuals, professional investors and pension funds, and taxpayers. The presentation covers how the asset backed securities (ABS) market works, where banks bundle loans like car loans or student lo...
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