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IPFS News Link • Economy - Economics USA

$1 Trillion at Stake: U.S. to Invite The Wealthy To Invest in The Bailout

• & Washington Post
Here's how a typical TALF deal would work: A hedge fund uses $1 million of its own money and gets a $9 million loan from the Fed, payable after three years, to buy a $10 million asset-backed security, which finances consumer loans.

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