This page has been archived and commenting is disabled.

Fed Launching Its Prime Broker Program (Aka TALF) on March 25

Tyler Durden's picture




 

Prepare for some extra taxpayer backstopped leverage... 10 to 1 leverage to be exact... Somehow the TALF is supposed to become the securitization vehicle (as securitizations as a product have become extinct) of the government backstopping investments in everything from student loans to CMBS... Of course, seeing what the market reaction has been on every incremental governmental chef being appointed to the indigestible feast that is U.S. economy, this should firmly drop us to closer to a 5 handle soon.

 

- advertisements -

Do NOT follow this link or you will be banned from the site!