NEW YORK, June 29 (Reuters) - AmeriCredit Auto is planning a $725 million auto ABS offering under the Federal Reserve's Term Asset-Backed Securities Loan Facility, bringing next month's issuance to about $4.3 billion under the program. Known as TALF, the Fed's program was designed to shore up the consumer loan market and reopen the securitization market, nearly shutdown by a deep credit crisis in late 2008. The securitization market is an essential funding tool for credit card, auto and ...
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