Commentaries

Are you feeling the TALF love yet?

August 6, 2009

The Federal Reserve has released the latest on TALF loan applications – $6.9 billion, up slightly from last month’s $5.4 billion. This is the consumer-related ABS round (though it also includes things like bonds backed by equipment leases, small business loans and auto floor plans), which has been gaining some traction since it was launched earlier this year.

Banks must brace for creditcard pile-up

July 7, 2009

Credit card delinquency figures bring to mind the rock classic “You Ain’t Seen Nothing Yet.”

Job losses still ginormous

July 1, 2009

ADP this morning came out with its survey of joblessess, reporting that private sector nonfarm payrolls dropped by 473K in June, but noted that losses originally reported in May and April were slightly less than had been originally reported.