Linda Lowell of HousingWire does quite a job of knocking the stuffing out of Elizabeth Warren’s criticisms of the TALF. Bottom line, she makes a very clear case for the head of the Congressional Oversight Panel’s less than complete understanding of the securities markets and how the TALF functions.

It’s long but if you have an interest in ABS, TALF, CDO’s and all the other alphabet soup stuff then it’s well worth a read. If you’re not an expert and just want to expand your knowledge base a bit then by all means read it.