Articles tagged with: Barclays
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New York Attorney General Andrew Cuomo has subpoenaed eight banks in a probe into whether misrepresentations were made about some securities backed by mortgages in order to improve their credit ratings, a person familiar with the investigation said Thursday.
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TALF – Overview
Term Asset-Backed Securities Loan Facility (TALF)
* Announced November 25, 2008
* The government’s objective is to lend up to $1 trillion to revive the Asset Backed Securities (ABS) market and consumer lending
* On March 3rd, the Federal Reserve announced it is prepared to expand eligible collateral to include newly issued AAA CMBS collateral (“TALF 2.0”)
* On March 23rd, further expansion plans announced, to include “legacy” AAA-rated RMBS / CMBS as eligible collateral (“TALF 3.0”)
* TALF was officially launched on March 17th
* TALF will stop lending on December 31st, 2009
