I wrote about TALF a week ago. TALF was supposed to kick start lending and get the credit market going again. TALF covers the following four categories of loans:
- Student Loans
- Small Business Loans
- Car Loans
- Credit Card Debt
The first round of TALF loan requests is over and the NY Fed has posted the results.
Amount requested for Student Loans and Small Business Loans: 0
Amount requested for Car Loans and Credit Card Debt: 4.7 billion dollars