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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (201160)	5/7/2009 10:57:40 PM
From: Giordano Bruno	Read Replies (2) \| Respond to of 306849

Check out their TALF plans Through the TALF, the Fed makes loans to investors for the purchase of asset-backed securities. In the run-up to the May round, companies issued almost $14 billion of TALF-eligible securities backed by credit card, auto, motorcycle, equipment and small business loans -- more than twice the amount of the past two rounds combined. Concerns that the government could retroactively change the terms of the deal if investors are seen as profiting too handsomely from it combined with the complexity of the paperwork slowed the program out of the starting block. Analysts said they were encouraged by the jump in demand in May compared with April. Investors requested just $1.7 billion in April and $4.7 billion in March. Analysts said interest would likely further increase once the Fed includes commercial mortgage backed securities in the program in June. The Fed has also said the program could be expanded to include lower rated, older assets as part of a comprehensive government plan to remove so-called toxic assets from banks balance sheets. reuters.com