Treasury Secretary, Timothy Geithner, rolled out some of the details of what insiders are referring to as TALF 2.0. This program has two componets, the Legacy Loan Program and the Legacy Securities Program. These programs are expected to help the commercial real estate industry based upon the premise that loans and securitiees collateralized by real estate are fundamentally undervalued due to a liquidity discount as opposed to drastically reduced cash flow expectation.
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