SIFMA And ASF Welcome TALF

The Securities Industry and Financial Markets Association (SIFMA) and the American Securitization Forum (ASF) support the launch of TALF by Treasury Department and the Federal Reserve Board. We strongly support the steps Treasury and the Federal Reserve are taking to

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The Securities Industry and Financial Markets Association (SIFMA) and the American Securitization Forum (ASF) support the launch of TALF by Treasury Department and the Federal Reserve Board.

We strongly support the steps Treasury and the Federal Reserve are taking to ease illiquidity in highly credit-worthy securitization instruments, says Tim Ryan, CEO, SIFMA. These initiatives should help facilitate the extension of credit to consumers and businesses for the purchase of autos, student loans, and homes — stimulating lending to both consumers and businesses.

These are helpful and important steps to address the stalled credit markets and to restore stability to the financial and capital markets. Both the ASF and SIFMA look forward to working with Treasury, the Federal Reserve Board and the Federal Reserve Bank of New York in implementing this program and working with them to refine and expand its application over time to other asset classes.

L.D.

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