FOREX TRADERS

[Worn_Buffet]

OK...back on topic....

Been meanin ta post this piece.....

"What the Fed?: TALF Makes Me Ralph

The federal government's latest effort to jump start the stalled credit markets conveniently helps credit card issuers, but not their ripped-off customers.

Treasury and the Federal Reserve on Tuesday said they will provide $200 billion in financing to investors buying a variety of consumer debt, including credit card loans. The program, called the Term Asset-backed Securities Loan Facility, or TALF, is supported by $20 billion in credit protection from the $700 billion Troubled Assets Relief Program, or TARP, approved by Congress last month."

link to rest of story

http://www.thestreet.com/story/10450220/1/what-the-fed-talf-makes-me-ralph.html?puc=_txtmdb