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You might remember that I burst onto the economic-commentary scene in January having been inspired by the dumb questions asked by my dumb friends about the advice of that dumbbell, Suze Orman. You’ll remember that I [...]
We can now enter a new acronym into our lexicon: TALF. And what is TALF? The Federal Reserve and the Treasury announced on November 25th that a Term Asset-backed securities Loan Facility will be created to provide liquidity for purchasers of ABS?s (Asset-Backed Securities, which include mortgage-backed securities). Asset-backed securities also include student loans and [...]
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