Is it 2008 Redux? This is about selling secuterized assets (loans) to the Fed. Term Asset Backed Securities Loan Facility (TALF)
What is the Other assets?
Federal Reserve announces extensive new measures to support the economy https://t.co/SR8M6qu3ps via @FederalReserve "TALF will enable the issuance of asset-backed securities (ABS) backed by ..loans and certain other assets." What is the Other assets?
— Shaker Cherukuri (@ProcessISInc) March 23, 2020
Basically zero percent loan backed by assets.
"Although the measures are from a new playbook, the Fed also opened up the crisis-era Term Asset-Backed Securities Loan Facility (TALF) to offer loans secured by eligible asset-backed securities."
— Shaker Cherukuri (@ProcessISInc) March 23, 2020
Will it be similar to 2008 or different? 2008 was about Collateralized Mortgage Bond Securities (CMBS) mostly and Colleteralized Debt Obligations (CDO).
I sure hope it is NOT Bitcoin and other block chain digital currencies this time around.
So what is it?