Advertisement Marshall Auerback here. I have a few words about the Term Asset-Backed Securities Loan Facility – otherwise known as the TALF. Economist Paul Kasriel of Northern Trust confirms my interpretation, namely that we get stuffed holding these assets (See my views on this here and Ed’s here). Kasriel is one of few economists that was bearish
Marshall Auerback has over 30 years experience in the investment management business and as an economic consultant. He is a Research Associate at the Levy Institute.