Steroids for the Rentiers
February 13, 2009 at 06:41 AM EST
[Skip to the end] 1. The size of the TALF from $200bn to $1 trillion is a very big deal. It requires no Congressional approaval and the Fed seems ready to start buying assets this week or next. Not only will this Fed buying guarantee a revival of many securitised credit markets, but the 10 [...]