Fed’s Duke is optimistic for 2010
Conditions in credit markets will be critical in shaping the recovery in 2010, explained Elizabeth Duke, a governor of the Federal Reserve Board, in a speech early in January.
Many markets recovered significantly last year, she noted and the Term Asset-Backed Securities Loan Facility (TALF) has "helped to facilitate a resumption of activity in securitization markets for consumer auto and credit card loans," she noted.
"Still, access to credit for many households and smaller businesses that
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