After getting off to a slow start the Fed’s TALF program is gaining a bit of traction, Ben Bernanke says in a letter to a Congressman . TALF is designed to get the securitization (or shadow banking system) restarted. The idea is that banks and other lenders can make loans, package and resell those loans, thus freeing up room on their balance sheets for more lending…
Now that London is winding up for the week, expect markets to slow down further. No new ground in the majors seems likely today.
