TALF? TARP? Let's call the whole thing off

When are the acronyms going to stop?

First, people had to learn not to associate TARP with a tent. Now, comes the TALF (Term Asset -Backed Securities Loan Facility) which sounds like something my cat would cough up. In fact, it is a new $1 trillion program designed to unfreeze credit markets for consumers.

The Latest from our Partners