Publication

2010 - U.S. Govt. Accountability Office, Washington, D.C., District of Columbia

Language

English

Word Count

12,500 words, Guess

Page Count

50 pages

Physical Format

Electronic resource

Identifiers

Alternate Titles

  • Troubled Asset Relief Program
  • Treasury's framework for deciding to extend TARP was sufficient, but could be strengthened for future decisions

Description

The Term Asset-Backed Securities Loan Facility (TALF) was created by the Board of Governors of the Federal Reserve System to help meet consumer and small business credit needs by supporting issuance of asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS). This report assesses (1) the risks TALF-eligible assets pose to the Troubled Asset Relief Program (TARP), (2) Department of the Treasury's role in decision making for TALF, and (3) the condition of securitization markets before and after TALF. GAO reviewed program documents, analyzed data from prospectuses and other sources, and interviewed relevant agency officials and TALF participants.

Subjects

Other Editions

  • Troubled Asset Relief Program: Treasury's framework for deciding to extend TARP was sufficient, but could be strengthened for future decisions : report to congressional committeesElectronic resourceU.S. Govt. Accountability Office2010-01-01

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