[Skip to the end] Compare the TALF concept with my proposal: The Fed can instead offer its member banks credit default insurance to support the Fed’s desire to support the lending it’s trying to support with the TALF. For example: The Fed can offer member banks default insurance on any AAA rated securities of newly […]
Tag Archives: TALF
NY Fed To Begin $200 Billion TALF March 17
[Skip to the end] Yes, which is interesting as the banks are the Fed’s ‘designated agents’ for lending. Seems they could figure out how to continue to use them for that purpose, rather than set up a form of an in house shadow infrastructure to do the same thing. They are in this way over […]