Many of the credit programs that were implemented to restore the flow of credit will be winding down as markets improve, but the Term Asset-Backed Securities Loan Facility will continue to operate, Federal Reserve chairman Ben Bernanke told a conference Friday.
“This program, which was implemented this year, has helped restart the securitization markets for various types of consumer and small business credit,” Bernanke said, adding that “clearly” there is still need for the program.
— Market News International
