Asset-backed securities used to be the grease that kept the credit markets rolling smoothly. Now the government props up that market, and it’s planning to cut back.
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Debt-Market Paralysis Deepens Credit DroughtCourtesy NYT > Your Money Wed, 10/07/2009 - 05:45
Asset-backed securities used to be the grease that kept the credit markets rolling smoothly. Now the government props up that market, and it’s planning to cut back. Related itemsTALF's unintended consequences
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