Another day, another bailout, another $800 billion and in the end I’m left scratching my head asking why?, what is the grand plan here?, is there a plan at all? The full press release from the Fed can be seen below. Let’s take it apart a bit. The Fed is going to lend up to $200 […]
Archive for November 25th, 2008
Fed Press Release
Posted by Tom Lindmark on November 25th, 2008
Here is the text of the Fed’s press release for the new lending facilities and expanded use of TARP funds. I will have more to say about this in a separate post. The Federal Reserve Board on Tuesday announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market […]