First Round of TALF Lending

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


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