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170 comments on Drumbeat: March 19, 2009

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pragma on March 19, 2009 - 4:26pm Permalink | Subthread | Parent | Comments top

I wondered about that too. At first I thought it was a ref to an Onion-like site but Google came up with zip.

Maybe he's gone off his meds. :-)

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Geckolizard on March 19, 2009 - 4:32pm Permalink | Subthread | Parent | Comments top

After reading the following article, he makes sense...

Fed statement on wider TALF collateral for April

The Federal Reserve Board on Thursday announced that the set of eligible collateral for loans extended by the Term Asset-Backed Securities Loan Facility (TALF) is being expanded to include four additional categories of asset-backed securities (ABS):

* ABS backed by mortgage servicing advances
* ABS backed by loans or leases relating to business equipment
* ABS backed by leases of vehicle fleets
* ABS backed by floorplan loans

Yeah, it does appear that the government is starting to pull random things out of the air...

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pragma on March 19, 2009 - 6:56pm Permalink | Subthread | Parent | Comments top

Thanks Gecko,

I agree, that's probably what he was referring to.

I knew what he was getting at, but like you said, it was an odd post.

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170 comments on Drumbeat: March 19, 2009

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