Mosler TALF Alternative
March 17, 2009 at 10:08 AM EDT
[Skip to the end] Compare the TALF concept with my proposal: The Fed can instead offer its member banks credit default insurance to support the Fed’s desire to support the lending it’s trying to support with the TALF. For example: The Fed can offer member banks default insurance on any AAA rated securities of newly originated auto loans, for [...]