Troubled Asset Relief Program : Treasury needs to strengthen its decision-making process on the Term Asset-Backed Securities Loan Facility : report to congressional committees.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office

Language:

English

Subjects (All):

United States. Department of the Treasury--Rules and practice.

United States.

Troubled Asset Relief Program (U.S.).

United States. Department of the Treasury.

Small business--United States--Finance.

Small business.

Consumer credit--United States.

Consumer credit.

Asset-backed financing--United States.

Asset-backed financing.

Mortgage-backed securities--United States.

Mortgage-backed securities.

Financial risk management--United States.

Financial risk management.

Small business--Finance.

Genre:

Rules

Physical Description:

1 online resource (iv, 91 pages) : illustrations

Other Title:

Treasury needs to strengthen its decision-making process on the Term Asset-backed Securities Loan Facility

Place of Publication:

[Washington, D.C.] : U.S. Govt. Accountability Office, [2010]

Summary:

The Term Asset-Backed Securities Loan Facility (TALF) was created by the Board of Governors of the Federal Reserve System to help meet consumer and small business credit needs by supporting issuance of asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS). This report assesses (1) the risks TALF-eligible assets pose to the Troubled Asset Relief Program (TARP), (2) Department of the Treasury's role in decision making for TALF, and (3) the condition of securitization markets before and after TALF. GAO reviewed program documents, analyzed data from prospectuses and other sources, and interviewed relevant agency officials and TALF participants.

Notes:

Title from PDF title screen (GAO, viewed May 4, 2010).

"February 2010."

Includes bibliographical references.

"GAO-10-25."

OCLC:

695996431